Hi, I'm looking for someone to show how you get this relationship, as the question shows.

Also, please complete the calculation required by hand, using annuities. I would imagine it's relevant to the equation you just have to show, but I'm not entirely sure.

Note: the answer to the calculation is 82.21, so please only submit a solution if you get this answer. Thanks!

c) Let snl denotes an accumulation of 1 paid annually in arrear at fixed rate of interest i per annum. Show that if the investor makes equal payments of 12 at the end of each month, then the monthly payments are given by, i(12) Explain the meaning of 12. You have decided to invest 1000 annually for 10 years at 3% per annum. How much should you pay monthly to accumulate the same amount after 10 years as the annual payment of 1000? (8 marks)