[Solved] Suppose s n | i = 4 0 and ( 1 + i ) n = 3

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Suppose s n | i = 4 0 and ( 1 + i ) n = 3 . 7 , where i is an effective

Suppose

s_{n | i} = 40

and

(1 + i)^{n} = 3.7,

where

i

is an effective annual interest rate.

What is the present value of an annuity

-

immediate which has annual payments of

150

for

3 n

years?

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