A leaves an estate of 100,000. Interest on the estate is paid to beneficiary B for the first 10 years, to beneficiary C for the second 10 years, and to charity D thereafter. Find the present value of B\'s share, C\'s share, and D\'s share with the assumption the annual effective rate of interest is 6%. Solution PV at year 10 = (6000/0.06)[1-1/1.0610) = 44160.52 (Year 11-20) NPV = (1/1.0610)x PV at year 10 NPV = 24659.