Hi,

just wondering could someone help with this question on annuties. Here it is

A loan made now is to be repaid by 99 daily repayments in arrear

using an effective daily rate of 0.01%. The value of the repayments will

alternate between 1,000 and 2,000 with the first of 1,000 to be

paid in exactly one day's time.

Find the current value of the loan.