Question
A 3n year annuity immediate is split between three charities A, B and C. A receives the first n payments, B receives the second n
A 3n year annuity immediate is split between three charities A, B and C. A receives the first n payments, B receives the second n payments, and C receives the third n payments. The payments are level at X each year. If the annual effective interest rate is 3.14159%, then the proportion of the present value held by C is 0.264 290 252. Find the proportion of the present value held by B if the annual effective interest rate is 8%.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
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