Answer to Question #186875 in Financial Math for kim

Question #186875

Determine the amount of an immediate annuity of N$200 per annum left unpaid for 10 year at 7% p.a compounded interest

Expert's answer

Given,

Annuity per annum = "N\\$200"

Time = 10 years

Rate of compound interest = 7%

Future Value for the given data = 200 X FV Factor of 10 year at 7%

= $ 200 X 13.816

= $ 2,763

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