you get payment of 8000 at the beginning of each year for five years at 6%, what is the value of annuity
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10400
Step-by-step explanation:
p= 8000
t = 5years
r = 6%
si = p*r*t/100
8000*6*5/100
2400
amount = p + 1
8000+ 2400
10400
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