Consider an n-payment annuity-immediate with payments n n P+D, P+D, P+2D, P+2D,..., P+ D, P+ D where n is an even integer. Let i be the effective rate per period. Show that the present value of such an annuity is 1 v Pax +D (++) 24 Pani kyk k=1 Consider an n-payment annuity-immediate with payments n n P+D, P+D, P+2D, P+2D,..., P+ D, P+ D where n is an even integer. Let i be the effective rate per period. Show that the present value of such an annuity is 1 v Pax +D (++) 24 Pani kyk k=1