An annuity makes payments for 50 years with the following payment pattern: $1 paid at the end of the first year, $2 at the end of the second year, $1 at the end of the third year, $4 at the end of the fourth year, $1 at the end of the fifth year, etc. This pattern will continue such that $1 will be paid out at the end of the 49th year and $50 will be paid out at the end of the 50th year. What is the present value of this annuity assuming the interest rate is 5% per annum convertible quarterly?

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer assertive;