Question: Which the correct formula for this question explain and solve it please. Question 1 0 / 1 pts Consider a 10-year annuity-immediate with a varying

Which the correct formula for this question explain and solve it please.

Question 1 0 / 1 pts Consider a 10-year annuity-immediate with a varying interest rate. The annual effective rate is 3% for the first 7 years and 5% for the last 3 years. The annuity pays $500 per year. Calculate the accumulated value of the annuity. Round the answer to the nearest dollar. 4,222

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