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please show your work! A k-period deferred n-payment annuity is an annuity such that a total of n payments are made with the first payment
please show your work!
A k-period deferred n-payment annuity is an annuity such that a total of n payments are made with the first payment made k+1 periods in the future. Suppose the present value of an annuity-immediate that pays 10 every day for the next year then 5 every day for the following year is 5000. Also suppose the present value of a 1-year deferred annuity-immediate that pays 20 every day for a year is 3500 . Find the present value of an annuity-immediate with level payments of 10 made daily for two yearsStep by Step Solution
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