You are given:
(i) X is the current value at time 2 of a 20year annuitydue 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
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
The answer is accepted.
Join Matchmatician's Affiliate Marketing Program to earn up to 50% commission on every question your affiliated users ask or answer.
 answered
 106 views
 $13.00
Related Questions
 Fixed installment loans?
 Internal Rate of Return vs Discount Rate
 Contract Crediting Rate Formula

A fund pays 1 at time t = 0, 2 at time t = 2n and 1 at time t = 4n. The
present value of the payments is 3.61. Calculate $(1 + i)^n$.  Black Scholes Calculation
 Amortization Table

Mathematical finance question on Portfolio
and Investment Year Methods(question attached below)  Finding Probability Density Function of a Standard Brownian motion: Conditioning for two different cases