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A 30 year annuity immediate makes payments of $100 for the first 20 years, and then for the next 10 years makes payments of $150.
A 30 year annuity immediate makes payments of $100 for the first 20 years, and then for the next 10 years makes payments of $150. If effective annual interest is 4% for the first 10 years, 5% for the next 10 years, and 6% for the last ten years, then find the price of this annuity. Show all work including formulas used. 10 points.
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