Question: Scott deposits: ( a ) $ 1 at the beginning of each quarter in year 1 . ( b ) $ 2 at the beginning

Scott deposits:(a) $1 at the beginning of each quarter in year 1.(b) $2 at the beginning of each quarter in year 2.(c) $8 at the beginning of each quarter in year 8.One quarter after the last deposit, Scott withdraws the accumulated value ofthe fund and uses it to buy a perpetuity-immediate with level of paymentsof X at the end of each year. All calculation assume a nominal interest rateof 10% per annum compounded quarterly. Calculate X.

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