Question 1) I recieve annuity of 500 dollars once every 3 years. Annuity stretches over 30 years. First payment occurs 3 years from now. Annual interest rate is 6%. What is PV of annuity?
Question 2) Find the present value from the two sources in this pension plan. First source of income gives direct sum of 200,000 when I retire later, compounded anually at interest rate of 10% per year. The second source, an (ordianry annuity) with annual income of 10,000 dollars per year at interest rate of 5%, compounded semi-annualy starting from the end of year 21 for 20 years. What is total PV of the pension incomes from two sources. THe two sources must be compounded.
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