Question

What sum will buy an annuity of 1050 for 4 years, the rate of interest being 3.5% per annum C.I. ?​

Answer 1

Answer:

For example, an annuity due's interest rate is 5%, you are promised the money at the end of 3 years and the payment is $100 per year. The value of $285.94 is the current value of three payments of $100 with 5% interest.