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You receive $ 5 0 0 today and every month for the next 2 0 years. You will receive this payment at the beginning of

You receive $ $500$ today and every month for the next $20$ years.

You will receive this payment at the beginning of the month. Assume

you can earn $5 %$ on this annuity. ANSWER PART A $,$ B AND C

A $.)$ how much is the annuity worth?

B $.)$ what is the value if the annuity pays at the end of the month?

C $.)$ briefly explain the relation between the value of the two annuities?

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