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Zack leaves an estate of . Interest on the estate is paid annually as accrued (meaning fixed payments) to Jack for the first years, to
Zack leaves an estate of . Interest on the estate is paid annually as accrued (meaning fixed payments) to Jack for the first years, to Mack for the second years, and to the Scholarship Fund thereafter. Find the relative shares (or amount at present) of Jack, Mack and the Scholarship Fund in the estate, if it assumed the estate will earn a % annual effective rate of interest
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