Math, asked by mpuja2429, 3 months ago

4. Find, ar 4.5% C.I the amount and the present value of an
annuity of 3000 in 15 years.​

Answers

Answered by Anonymous
0

Answer:

Payment P=3000

n=15 years

rate=4.5%

∴r=

100

4.5

=0.045

PV=P(

r

1−(1+r)

−n

)

=3000(

0.045

1−(1+(1+0.045)

−15

)

=3000(

0.045

1−(1.045)

−15

)

=32218.63

∴PV of the annuity is

32218.63.

Step-by-step explanation:

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