3. Consider an annuity due in which each payment increases geometrically by 1% of the previous payment, and each of the n payment periods contains k interest periods. a. Sketch a timeline diagram which displays the relevant information about this annuity. b. Express the present value of this annuity as a summation of n terms - one for each of the payments. c. Use the standard techniques we've used in this class to rewrite this summation use the finite geometric series formula. d. Suppose P = $100, i = 5%,j = 2%, k = 4 and n = 10. What is the present value (in dollars) of this annuity due