1)Stefano has a perpetuity immediate that pays $1259.06 quarterly. Tne nominal interest rate is 2.010% compounded monthly. What is the present value of his perpetuity?

 

2)Keiko has a 18 year annuity due making annual payments that grow geometrically at the rate 5.000%. The first payment is $9,250.00 and the interest rate is i⁽⁵²⁾ = 4.000%$. What is the future value of her annuity?

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1 To find the present value of Stefanos perpetuity we can use the formula for the present value of a ... View the full answer