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What is the current economic value of an annuity due

What is the current economic value of an annuity due

What is the current economic value of an annuity due consisting of 22 quarterly payments of $700, if money is worth 6% compounded quarterly for the first three years, and 7% compounded quarterly thereafter?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...

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