ac1

In each case find the present value of the following 10-year annuities at December 31. 2016 using 6% interest. In all cases payments are made annual starting with a payment of $100 in 1 year. a) Payments increase by 3% every year. b) Payments increase by 12% every year. c) Payments decrease by 10% every year. d) Payments increase by $100 every year. e) Payments decrease by $10 every year