Page 1 of 1

- An annuity immediate pays 1 at the ends of years 1 and 2, 2 at the ends of years 3 and 4, etc., with payments increasi

Posted: Tue Nov 16, 2021 8:34 am
by answerhappygod
- An annuity immediate pays 1 at the ends of years 1 and 2, 2 at
the ends of years 3 and 4, etc., with payments increasing by 1
every second year until 20 years. The effective annual rate of
interest is 5%. Calculate the present value of this annuity
immediate