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Can you explain more about b and c? Thanks Problem 6: 5%. Which...

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Finance

imageCan you explain more about b and c? Thanks

Problem 6: 5%. Which of the You are an effective annual rate of interest i given following values are greater than $20? Make sure to show all works. (a) The present value of an annuity of $1 per year payable continuously for 50 years (b) The accumulated value in 5 years of annual payments starting at $5 and decreasing by $1 per year. Payments start one year from now. (c) The present value of a perpetuity paying $1 every 5 years and increasing by $1 each payment. Payments start 5 years from now

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