Math, asked by nakulkool7391, 10 hours ago

Rs Find the future value of an immediate annuity of RS. 1200 at 6..p.a compounded annually for 3 years

Answers

Answered by WhinThorp

1

Answer:

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

Step-by-step explanation:

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