Find the amount of an annuity of Rs.800 payable at the end of each year for 3
years, if money is worth 8% per annum compounded annually.
Answers
Answered by
3
Step-by-step explanation:
Annual payment A=Rs. 800
n=3
i=8%=0.18
A(7,0.14)=500[
0.14
(1+1.014)
7
−1
]
=Rs. 5365.35
amukudumukuamaldomaa:
what the heck?
Similar questions