Math, asked by 1630pakhtar, 5 months ago

Find the amount of an annuity of Rs.500 payable at the end of each year for 10 years,if
the interest rate is 6% compounded annually.

Answers

Answered by legendgamer01194

0

Answer:

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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