please solve it mannualy do not use excel Assignment Problem 1(Page 132, question 22).An annuity consists of 40 payments of$300 each made at intervals of 3 months. Interest is atj1= 4.5%. Determine...

 please solve it mannualy do not use excel

Assignment Problem 1(Page 132, question 22).An annuity consists of 40 payments of$300 each made at intervals of 3 months. Interest is atj1= 4.5%. Determine the value ofthis annuity at each of the following times:a. 3 months before the time of the first payments;b. at the time of the last payments;c. at the time of the first payment;d. 3 months after the last payment;e. 4 years and 3 months before the first payment.