A) An immediate annuity has a ?rst payment of 100 and increases by 100 each year until payments reach 500. There are 10 further payments of 500. Find the present value at 6.5%.
B) An immediate annuity has semiannual payments of 100 for 10 years at a rate of 6% convertible monthly. Find the present value.
C) An annuity immediate has monthly payments of 100 for 10 years at a rate of 6% convertible semiannually. Find the present value.