Question

What is the percent value of R65 000 at 11% compounded annually for 4 years?

Answer 1

compounded annually, n =1

$PV = \frac{FV}{(1+i)^n}$

$=\frac{R65,000}{(1+0.11)^{1×4}}$

$=\frac{65000}{(1.11)^4} =R42817.513$