Question: PLEASE ANSWER QUICKLY FOR A THUMBS UP MATHEMATICAL INTEREST THEORY THANKS IN ADVANCE An annuity provides for 12 annual payments. The first payment is 100

PLEASE ANSWER QUICKLY FOR A THUMBS UP

MATHEMATICAL INTEREST THEORY

THANKS IN ADVANCE

An annuity provides for 12 annual payments. The first payment is 100 , paid at the end of the first year, and each subsequent payment is 6% more than the one preceding it. Calculate the present value of this annuity if i=8%. (Hint: Geometric progression) An annuity pays 150 at the end of each of the next 5 years and 200 at the end of each of the five following years. If i=6%, find the present value of the annuity

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