An investor needs to deposit an amount on 1 January 2020 to purchase an annuity to receive a series of payment on a regular basis. He has two options as follows Annuity A - Gets RM 2500 semiannually for 4 years, that are 8 payments. - 1 st payment of RM 2500 is due on 1 April 2020. - The interest rate is at 8% compounded semiannually. Annuity B - Gets RM 1300 quarterly for 4 years, that are 16 payments. - 1 st payment of RM1300 is due on 1 January 2020. - The interest rate is at 10% compounded quarterly. a)What are the present values for each annuity A and Annuity B on 1 January 2020?
