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Sylvestre receives an annuity-immediate with monthly paymetns of $100. Susan receives an annuity-due with annual payments of $1,165 and the same term. The value of

Sylvestre receives an annuity-immediate with monthly paymetns of $100. Susan receives an annuity-due with annual payments of $1,165 and the same term. The value of Sylvestre's annuity is 97.09% times the value of Susan's. Calculate (1-v)/i^(12) The answer is 0.94258 Please show work. Thanks!

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