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ANSWER BOTH QUESTIONS PLEASE 1. A perpetuity-immediate makes a payment of an amount K every three...

ANSWER BOTH QUESTIONS PLEASE

1. A perpetuity-immediate makes a payment of an amount K every three months. The present value of the perpetuity is $10,500. Interest is at a nominal annual rate of 6% compounded semiannually. In which of the following ranges is the amount K?

2. Deposits of $100 per month into an account start on January 1, 2015 and continue through December 1, 2034. The account earn a nominal annual interest rate of 6% compounded quarterly.

Find the value of the account on June 30, 2020.

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