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Find the present value of the charitys share of the estate

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Reference no: EM132780825

Question - John Doe leaves an estate of $100,000. Interest on the estate is paid to his son for the first 10 years, to his daughter for the second 10 years, and to a charity thereafter. Find the present value of the charity's share of the estate, if it is assumed the estate will earn a 7% annual effective rate of interest.

A. 24,993

B. 25,842

C. 30,741

D. 35,402

E. 49,165

Reference no: EM132780825

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