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(a) State some examples of annuities. (4marks) (b) Calculate the following present value of annuities: (i) RM2,500 a year for 10 years discounted back to

(a) State some examples of annuities. (4marks)

(b) Calculate the following present value of annuities:

(i) RM2,500 a year for 10 years discounted back to the present at 7%. (3 marks)

(ii) RM70 a year for 3 years discounted back to the present at 3% (3 marks)

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