Find the present value and the accumulation at the end of 10 years of a series of payments that are made up by: • £200 annually in arrears during the first 3 years, • £35 monthly in arrears thereafter, given that the following interest rates apply: • 9% per annum effective for the first 5 years,

Q: 3. $1,000 at the beginning of each month, forever.

A: Payment Amount = $1,000 Interest Rate = 5%

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