An annuity consist of 8 annual payments of ₹1,400 each, the first being made at the end of 5 years. Find the amount of this annuity if the money is worth 7% per annum compounded annually.
Answers
Answered by
0
Answer:
64408 = A
payment made in whole year will be taken as pp.
ie. 1400× 8 = 11200
then you can put formula and get the answer
Similar questions