i. 100 is deposited into an account at the beginning of every 4-year period for 40 years.The account credits interest at an annual effective rate of i.The accumulated value in the account at the end of 40 years is X, which is 5 times the accumulated value at the end of 20 years.Calculate Xii. An investment requires an initial payment of 10,000 cedis and annual payment of 1000cedis at the beginning of each year for ten years. Starting at the end of the eleventh year, the investment returns five equal payment of X.Determine the value of X to yield an annual effective rate of interest at 10% over the 15-year period.(B) i. The present value of a series of $5 at the beginning of the investment period
i. 100 is deposited into an account at the beginning of every 4-year period for 40 years.
The account credits interest at an annual effective rate of i.
The accumulated value in the account at the end of 40 years is X, which is 5 times the accumulated value at the end of 20 years.
Calculate X
ii. An investment requires an initial payment of 10,000 cedis and annual payment of 1000
cedis at the beginning of each year for ten years. Starting at the end of the eleventh year, the investment returns five equal payment of X.
Determine the value of X to yield an annual effective rate of interest at 10% over the 15-year period.
(B) i. The present value of a series of $5 at the beginning of the investment period
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