Subject: Quantitative Theory of Interest

Textbook: The Theory of Interest, by S. Kellison, 3rd Ed.

(1 point) (Exercise 3.35) Find the current value at time 3 of a 23-year annity-due of 1 per annum if the annual effective interest rate for year t is 9+t Answer (round off to three decimal digits) = (1 point) (Exercise 3.35) Find the current value at time 3 of a 23-year annity-due of 1 per annum if the annual effective interest rate for year t is 9+t Answer (round off to three decimal digits) =