The present value of the annuity at time of first payment

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Reference no: EM131848928

Suppose that the effective periodic interest rate is 0.75% until the 33rd payment, and then it changes to 1%. Find:

i. the present value of the annuity one period before the first payment;

ii. the present value of the annuity at the time of the first payment;

ii. the accumulated value of the annuity at the time of the last payment:

iv. the accumulated value of the annuity one period after the last payment;

v. Express the relationship between the quantities you found in ()

(iv) using the interest rates (or the present value factors)

Reference no: EM131848928

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