Question: Math Interest Theory/ Financial Math Please Use Formulas 5. (3pts) Given the following three annuities: i. the present value of a 4n-year annuity-immediate of 1

Math Interest Theory/ Financial Math

Please Use Formulas

5. (3pts) Given the following three annuities: i. the present value of a 4n-year annuity-immediate of 1 at the end of every year is X; ii. the present value of a 4n-year annuity-immediate of 1 at the end of every second year is 10.2; iii. the present value of a 4n-year annuity-immediate of 1 at the end of every fourth year is 5. Find X, assuming a positive annual interest rate. (Hint: Use Fission/Fusion formula. Answer: 20.6)

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