A ve-year annuity has the following payments for calendar years 2001 through 2005: $500 on each 31 March, $1,000 on each 30 June, $1,500 on each 30 September, and $2,000 on each 31 December. Express the value of this annuity on 1 January, 2001 in terms of(I⁽⁴⁾a)⁽⁴⁾_{| .}

I think the interest rate should not be an exact value here

A five-year annuity has the following payments for calendar years 2001 through 2005: $500 on each 31 March, $1,000 on each 30 June, $1,500 on each 30 September, and $2,000 on each 31 December. Express the value of this annuity on 1 January, 2001 in terms of (1(a). A five-year annuity has the following payments for calendar years 2001 through 2005: $500 on each 31 March, $1,000 on each 30 June, $1,500 on each 30 September, and $2,000 on each 31 December. Express the value of this annuity on 1 January, 2001 in terms of (1(a)