Question: 1. A 3n year annuity immediate is split between three charities A, B and C. A receives the first n payments, B receives the second

1. A 3n year annuity immediate is split between three charities

1. 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%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

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...

5. Charities A and B split a 2n year annuity immediate that pays X per year. Charity A receives the first n payments, while Charity B receives the second n payments. If the annual effective interest...

Can anyone solve the answers from the given document givenbelow? I really need help. MY FINAL LITERALLY IS KNOCKING AT THE DOOR. Name_________________________________ Student...

SOMEONE PLEASE HELP ME GIVE ALL THE ANSWERS!!!!! MY EXAM IS ON 13th MORNING! SO PLEASEEEEE!!!!! 2. An investment is expected to pay the following: C 1 = $2,300, C 2 = $2,600, C 3 = $2,900, and then...

1. A bank is paying interest at a 5% annual rate on deposits. If you invest 10,000 and the bank compounds interest daily (i.e., 365 times per year), which of the following shows how much you will...

Math 5067 (001) Homework 10 Due 12/2/15 1. A whole life annuity-immediate on (50) pays 1000 in the first year. Subsequent payments increase at a compounded rate of 4%. You are given: a) 50t 0.02, t 0...

^^^ HELP PLEASE \fEXERCISE 4.36. In Example 4.20, use Eq. 4.16 to verify that the fake spheres with a = 2 and a = , have no umbilical points. (4.16) T. EXAMPLE 4.20 (Fake Spheres). We wish to...

2. Future value Aa Aa The principal of the time value of money is probably the single most important concept in financial management. One of the most frequently encountered applications involves the...

Kale Thompson, an auditor with Sneed CPAs, is performing a review of Strawser Companys inventory account. Strawser did not have a good year and top management is under pressure to boost reported...

Fisher, an employment agency, sued Catani, a minor, for breach of contract for the balance due the agency of $101.25 as a commission for finding Catani employment. The defendant disaffirmed his...

Trendsetters has a cost of equiny of 1 4 . 6 percent. The market risk premium is 8 . 1 percent and the rak - free rate is 3 . 9 percent. The company is acquiring a compethor, which will increase the...

Directions:Please complete the following two questions in Excel. Use formulas and cell referencing. Do not manually calculate values.Question 1 : Cash BudgetABC Inc. sells $ 6 0 , 0 0 0 and $ 8 0 , 0...