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An annuity-due has 29 payments of $800 per period. The effective rate of interest per period is 7% for the first 9 periods and 3%
An annuity-due has 29 payments of $800 per period. The effective rate of interest per period is 7% for the first 9 periods and 3% for the following 20 periods. (A) Find the accumulated value of the annuity using the portfolio method. Round your answer to 2 decimal places. (B) Find the accumulated value of the annuity using the yield-curve method. Round your answer to 2 decimal places.
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