Math, asked by grecyprajapat, 2 months ago

3. Find out the present value of an annuity
of Rs. 5,500 starting in 7 years time
lasting for 7 years at a discount rate of
10%

Answers

Answered by alkarajesh211

1

Answer:

Step-by-step explanation:

Annual payment A=Rs. 500

n=7

i=14%=0.14

A(7,0.14)=500[

0.14

(1+1.014)

7

−1

]

=Rs. 5365.35

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