An annuity is payable for 20 years. The amount of the annuity in the t th...

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An annuity is payable for 20 years. The amount of the annuity in the t th year is t 2. On the basis of an effective rate of interest of 5% per annum, find the present value of the annuity, assuming that it is payable Give your answer with 2 decimal digits (e.g. 3.12). (a) Annually in advance, Number (b) Quarterly in advance, the payments for each year being made in four equal installments, Number (c) Half-yearly in arrears, the payments for each year being made in two equal installments, Number (d) Continuously, the rate of payment being constant over each year. Number An annuity is payable for 20 years. The amount of the annuity in the t th year is t 2. On the basis of an effective rate of interest of 5% per annum, find the present value of the annuity, assuming that it is payable Give your answer with 2 decimal digits (e.g. 3.12). (a) Annually in advance, Number (b) Quarterly in advance, the payments for each year being made in four equal installments, Number (c) Half-yearly in arrears, the payments for each year being made in two equal installments, Number (d) Continuously, the rate of payment being constant over each year. Number