Which of the following notations given below is equivalent t

Which of the following notations given below is equivalent to sigma_10 v^10 sigma_10 1 + V^9 5_9 s_10 i + sigma_10 i (1 + i) a_9 + 1 v + 5_9 i A 39-year annuity-immediate will pay 13 in each of the first 3 years, 12 in each of the next 3 years, and so on, until payments of 1 are made in each of the last 3 years. The present value of the annuity at an annual effective interest rate of 3% is X. Determine X. 59 165 177 184 187

Solution

5) x = 177