You are given the following information.

1) X is the value at the end of year two of a 20-year annuity-due of 1 per year.

2) The annual effective interest rate for year t is 1/(8+t)

Which of the summations given below is equal to the value of X?

You are given the following information . X is the value at the end of year two of a 20-year annuity-due of 1 per year. . The annual effective interest rate for year t is __ Which of the summations given below is equal to the value of X? 29 11 0 10 29 10 28 10 28 28 11 (d) (e) (a) (b) (c) t-11 t-10 t-10 t-9 t-9