Question

You get payments of Rs.8000 at the beginning of each year for five years at 6% what is the value of this annuity?​

Answer 1

Answer:

10400

Step-by-step explanation:

p= 8000

t = 5years

r = 6%

si = p*r*t/100

8000*6*5/100

2400

amount = p + I

8000+ 2400

10400

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