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An annuity-immediate has 34 payments of $600 per period. The effective rate of interest per period is 6% for the first 18 periods and 5%
An annuity-immediate has 34 payments of $600 per period. The effective rate of interest per period is 6% for the first 18 periods and 5% for the following 16 periods.
(A) Find the accumulated value of the annuity. Round your answer to 2 decimal places.
(B) Find the present value of the annuity. Round your answer to 2 decimal places.
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