Math, asked by mohankumargagan49, 7 days ago

Find the amount of annuity of Rs 8,000 payable at the end of each year for 5 years, if the
rate of interest is 6% effective per annum.

Answers

Answered by snehal2711

0

Step-by-step explanation:

Annual payment A=Rs. 500n=7i=14%=0.14A(7,0.14)=500

[ 0.14(1+1.014) 7 −1 ]=Rs. 5365.35

Hope this will help you buddy...

Have a nice day ahead...

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