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You are given the following information X is the present value of all payments from an n-year annuity -immediate which pays 1 per year Y

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You are given the following information X is the present value of all payments from an n-year annuity -immediate which pays 1 per year Y is the future value of all payments from an n- year annuity - immediate which pays 1 per year The annual effective interest rate for year ti it is 9 + + Which of the summations given below is equal to the value of Y - X ? ( 2) I n + K =1 10 + K ( 6 ) E 10 + K ( 6 ) E n + 10 1 10 + K ( d ) 2 =1 10 + K ( e ) Not Given

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