Question: 7. Using an annual effective interest rate j > 0, you are given: (i.) The present value of 2 at the end of each year

7. Using an annual effective interest rate j > 0, you

7. Using an annual effective interest rate j > 0, you are given: (i.) The present value of 2 at the end of each year for 2n years, plus an additional 1 at the end of each of the first n years is 36. (ii.) The present value of an n year deferred annuity immediate paying 2 per year for n years is 6. Calculate j. (a) 0.03 (b) 0.04 (c) 0.05 (d) 0.06 (e) 0.07

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