You are given:
(i) X is the current value at time 2 of a 20-year annuity-due of $1 per annum.
(ii) The annual effective interest rate for year t is (1/(8+t)).
Find X.
https://archive.org/details/theoryofinterest00kell/page/63/mode/1up?view=theater good reference if u need formulas for annuities
96
Answer
Answers can be viewed only if
- The questioner was satisfied and accepted the answer, or
- The answer was disputed, but the judge evaluated it as 100% correct.
1 Attachment
1.1K
The answer is accepted.
Join Matchmaticians Affiliate Marketing
Program to earn up to 50% commission on every question your affiliated users ask or answer.
- answered
- 272 views
- $13.00
Related Questions
- Internal Rate of Return vs Discount Rate
- Make a graphical of analysis of the Strong Axiom of Revelead Preference
- Black Scholes Calculation
- Finance question with bonds
- Contract Crediting Rate Formula
- Disecting Constant Product formula
- Compound Interest with monthly added capital
- Finding Probability Density Function of a Standard Brownian motion: Conditioning for two different cases