A 2n annuity immediate has payments of 1 for the first n years and 5...
70.2K
Verified Solution
Link Copied!
Question
Finance
A 2n annuity immediate has payments of 1 for the first n years and 5 for the second n years. If the annual effective interest rate is i, the present value for the annuity is 45.7753201471752. Also if the annual effective interest rate is i, the proportion of the total present value accountable by the second n years is 0.769823555046403. Find the annual effective interest rate required to force the proportion for the first n years to be equal to the proportion for the second n years.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.