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Jasper is bequeathed a thirty-year deferred annuity that has a payment at the end of each third year. The rst payment is for $15,000 and

Jasper is bequeathed a thirty-year deferred annuity that has a payment at the end of each third year. The rst payment is for $15,000 and is made ve years after she receives the inheritance. There is always an increase of $4,000 from onepayment to thenext. Findthe valueof her legacy at thetimeof the bequest, assuming that the annual effective interest rate remains level at 5%. Do this problem twice, once using Chapter 3 methods and once using Section (4.4) techniques. PLEASE NO EXCEL, Use financial math and write out all intermediate steps (answer is supposed to be 125325.91

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