2.2.1 Example 2.2.4-1 Homework - Unanswered - Due Today, 11:59 PM An annuity-due with 20 payments starts with a payment of $100 and increases 10% every year. After the 15th payment, each payment decreases 10% from the previous payment. Calculate the present value of this annuity using an annual effective rate of 6%. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56) You work for an insurance company and are asked to calculate the present value of a claim. The following information is provided: (I) Claim payments are made at the beginning of each year for 10 years. (II) The first payment amount is $1,000 and is payable immediately. (III) Subsequent payments increase by 3% every year. (IV) The annual effective interest rate is 5%. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56) 2.2.1 Example 2.2.4-1 Homework - Unanswered - Due Today, 11:59 PM An annuity-due with 20 payments starts with a payment of $100 and increases 10% every year. After the 15th payment, each payment decreases 10% from the previous payment. Calculate the present value of this annuity using an annual effective rate of 6%. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56) You work for an insurance company and are asked to calculate the present value of a claim. The following information is provided: (I) Claim payments are made at the beginning of each year for 10 years. (II) The first payment amount is $1,000 and is payable immediately. (III) Subsequent payments increase by 3% every year. (IV) The annual effective interest rate is 5%. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56)