Question

1 85 m2
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Calculate the amount of an annuity of RS.5,000 for 15 years, 12% pa. Interest.
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Answer 1

Answer:

A = Rs. 5000

n= 15yrs

i=12% = 0.12

=> 5000[(1 + 1.012)^15 - 1/ 0.12]

=> 5000* 1.012/0.12

=> 5000*8.433

=> Rs.

42166.66