Question: It is reported that an annuity - immediate with $ 1 0 0 annual payments for s years has an accumulated value of $ 9
It is reported that an annuityimmediate with $ annual payments for s years has an accumulated value of $ at the time of its last payment. Further more, an annuityimmediate that has $ annual payments and a term four times as long accumulates to $ at the time of its last payment. Now consider an annuity that has the same term as the second of these annuities but $ and each further payment is $ more than its predecessor. Express the accumulated value of this third annuity at the time of its last payment as a function of the annual effective interest rate i Make sure any annuity symbols appearing in the function are to be evaluated at the rate i used in valuing the first two annuities.
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