Find the equal annual payment series

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Reference no: EM13860677

Find the equal annual payment series that would be equivalent to the following increasing series of payments if the interest rate is 12%.

A) compounded annually

B) compounded continuously

$600 at the end of the first year

$800 at the end of the second year

$1000 at the end of the third year.

$1200 at the end of the fourth year

$1400 at the end of the fifth year

$1600 at the end of the sixth year

$1800 at the end of the seventh year

Reference no: EM13860677

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