Correct Solution: 4

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THE BASICS OF ANNUITY THEORY 196 Problem 18.8 total inheritance is a series of level payments at the end of each year forcver eritance to four charities, A, B, C, and D. The During the first n years A. B. and C share each payment equally. All ments after n years revert to D. If the present values of the shares of A, B,C and D are all equal, find (1 +i)