Question

Find the amount of Annuity if payment of Rs.300 is made at the end of each year for four years at the rate of 10% per annum compounded yearly

Answer 1

Answer:

Present Value = ₹ 950.96

Step-by-step explanation:

$pv \: = 300 \times \frac{1 - {1.1}^{ - 4} }{0.1}$

$pv \: = 300 \times 3.1698$

$pv \: = 950.96$

Annuity = (P/A,10%,4) = 3.1698