(Answered) Anz is offering a product that pays out 3000 quarterly from

Engineering

ANZ is offering a product that pays out $3,000 quarterly from the end of Mar 2021 to the end of Dec 2030 with annual interest rate 6% compounded quarterly. (e.g. payment is made at the end of every March, June, September, and December.)

a. What's the price of this annuity on Jan 1, 2019?

b. If an investor buys this annuity on July 1 of 2025, how much should the investor pay?

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