Question
A 5-year ordinary annuity has a present value of R1 000.If the interest rate is 8%p.a., the amount of each annuity payment is closest to
A 5-year ordinary annuity has a present value of R1 000.If the interest rate is 8%p.a., the amount of each annuity payment is closest to which of the following?
a)R184.08
b) R181.62
c)R231.91
d)R250.44
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
