Question 1

Question 2

Question 3

Question 4

Answer to question 1

Answer to question 2


Answer to question 3




Answer to question 4
Step 1 It is deferred annuity.
Step 2 PV=A(P|A,i,n)(P|F,i,n) =300PV
=A(P|A,i,n)(P|F,i,n) =300(P|A,6%,8)(P|F,6%,5)
=3006.210*0.7473 =1392.2199