A 3n year annuity immediate is split between three charities A, B and C
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A 3n year annuity immediate is split between three charities A, B and C

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%.

Hint
Accounts & FinancePV is one of the financial functions that basically calculates the present value of the investment or a loan. That present value is based on a constant interest rate. One could also use PV with either the periodic, constant payments like the mortgage or other loan, or even a future value with the particular's investment goal....

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