Question: Please, answer A, B and C clearly with showing the steps. DO NOT USE EXCEL A) An immediate annuity has a rst payment of 100

Please, answer A, B and C clearly with showing the steps. DO NOT USE EXCEL

A) An immediate annuity has a rst payment of 100 and increases by 100 each year until payments reach 500. There are 10 further payments of 500. Find the present value at 6.5%.

B) An immediate annuity has semiannual payments of 100 for 10 years at a rate of 6% convertible monthly. Find the present value.

C) An annuity immediate has monthly payments of 100 for 10 years at a rate of 6% convertible semiannually. Find the present value.

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