A 12-year annuity-immediate has a series of annual payments of 1, 2, 3, 4, 5,...
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A 12-year annuity-immediate has a series of annual payments of 1, 2, 3, 4, 5, 6, 6, 5, 4, 3, 2, 1. Calculate the present value of this "palindromic" annuity where the annual effective rate of discount d is 9.091%. (A) 19 (B) 20 (C) 21 (D) 22 (E) 23 A 12-year annuity-immediate has a series of annual payments of 1, 2, 3, 4, 5, 6, 6, 5, 4, 3, 2, 1. Calculate the present value of this "palindromic" annuity where the annual effective rate of discount d is 9.091%. (A) 19 (B) 20 (C) 21 (D) 22 (E) 23
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