This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: 0.025 0.023 0.022 2010 2007 0.026 0.024 0.023 0.022 2008 0.023 0.022 0.021 2009 0.021 0.020 2010 0.019 Calculate X. 3. Katy is receiving an annuity immediate with quarterly payments for the next 20 years. The quarterly payments in the first year are 1000 per quarter. The quarterly payments in the second year are 2000 per quarter. The quarterly payments in the third year are 3000 per quarter. Payments continue to increase in the same pattern until payments of 20,000 per quarter are made in the 20 th year. Calculate the prese nt value of Katy’s annuity at 8 % compounded quarterly. 4. A continuous 10year annuity pays at a rate of 400t at time t. Calculate the present value of this annuity at an annual effective rate of interest of 10%....
View
Full Document
 Spring '08
 Staff
 Math, 1920, 1924, 1922, 1921, 1926, 1919

Click to edit the document details