Find the accumulated value of the annuity

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Reference no: EM131856801

A 30 year annuity-immediate has first payment $1200 and each subsequent payment increases by 0.5%. The payments are monthly and the annual effective rate is 8%. Find the accumulated value of the annuity at the end of 30 years.

A 20 year annuity has annual payments which increase by $500 each year. The first payment is $10,500 on Jan. 1, 2018. The annual effective interest rate is 1%. What is the value of the annuity on Oct. 1, 2017?

Reference no: EM131856801

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