Question 12)
The amount for the ordinary annuity with periodic
payment Rs.100 at the end of each year, at the
rate of interest 12% per annum, for 3 years ,when
the period of interest is on yearly bases is
approximately Rs.
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FV= future value of the annuity; PMT= amount of the periodic payment; r= annual interest rate written in decimal form; m=number of ...
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