ANNUITIES
5.11
Example 10.
Find the amount of deferred annuity of 3200 payable at the end of
every six months for 10 years, the first being paid at the end of 2 years. The money i
worth 15% per annum compounded semi-annually.
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Answer:
A trapezoid, also known as a trapezium, is a flat closed shape having 4 straight sides, with one pair of parallel sides. The parallel sides of a trapezium are known as the bases, and its non-parallel sides are called legs. A trapezium can also have parallel legs.
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