Question

Find the future value of annuity if an annuity of 100 Is made at the end of each year for 10 years at the rate of 5%which is compounded annually


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Answer 1

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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Answer 2

Answer:

It's is not a answer

It's is a example

Correct option is B)

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

Explanation:

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