1. Consider an annuity that pays £500 at the end of each year for 7 years. The annual effective interest rate is 4 % p.a. Compute the present value of this cashflow £ 数字 Enter an answer correct to 2 decimal places Compute the effective duration of this cashflow |数字 Enter an answer correct to 2 decimal places 2. A payment of £50 will be made in 10 years. The annual effective interest rate is 4% p.a. Compute the convexity of this payment 数字 Enter an answer correct to 2 decimal places

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Donny has paid $15,000 for a retirement annuity from which he will receive $2,063 at the end of every month The payments are deferred for 15 yoars and interest is 3% compounded monthly Ka) How many payments will Donny receive? (b) What is the size of the final payment? (C) How much will Donny receive in total? d How much of what he receives will be interest?

A homebuyer wishes to take out a mortgage of $300,000 for a 40-year period. What monthly payment is required if the interest rate is 11%?What is the total amount paid during the term of the loan? Carry out all calculations exactly and round the final answers only. Carry out all calculations exactly and round the final answer for the monthly payment to two decimal places and the final answer for the total amount paid to the nearest integer. The required monthly payment is $ i The total amount paid during the term of the loan is $ i