An annuity-due has 27 payments of $300 per period. The effective rate of interest per period is 6% for the first 15 periods and 3% for the following 12 periods.   (A) Find the accumulated value of the annuity using the portfolio method. Round your answer to 2 decimal places.       (B) Find the accumulated value of the annuity using the yield-curve method.. Round your answer to 2 decimal places.           Solve by both methods..plz

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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An annuity-due has 27 payments of $300 per period. The effective rate of interest per period is 6% for the first 15 periods and 3% for the following 12 periods.

 

(A) Find the accumulated value of the annuity using the portfolio method. Round your answer to 2 decimal places.

 

 

 

(B) Find the accumulated value of the annuity using the yield-curve method.. Round your answer to 2 decimal places.

 

 

 

 

 

Solve by both methods..plz

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