Question: Math Interest Theory/ Financial Math Please Use Formulas 4. (3pts) A perpetuity paying $100 on the last day of each quarter was purchased on January

Math Interest Theory/ Financial Math

Please Use Formulas

4. (3pts) A perpetuity paying $100 on the last day of each quarter was purchased on January 1, 2000. On January 1, 2005, the perpetuity was exchanged for a 15-year annuity-due with semiannual payments of amount X. Find X if the annual effect interest rate is 6%. (Answer: $335.80) 5. (3pts) Given the following three annuities

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