Answer to Question #267369 in Financial Math for Ayana Prica

Question #267369

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

Expert's answer

compounded annually, n =1

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

"=\\frac{R65,000}{(1+0.11)^{1\u00d74}}"

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

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