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An annuity is payable annually in advance for a total of 30 years. The first payment is R6,455 and subsequent payments increase by 1.5% per
An annuity is payable annually in advance for a total of 30 years. The first payment is R6,455 and subsequent payments increase by 1.5% per annum compound. The effective annual interest rate is 6.5%. Select the equation of value that cannot be used to calculate the present value of the annuity: (Enter the number from the options given below.) 1. 6455 (dzo'4.9261%) (1-1.01520,30 2. 6455v 1-1.015v 6455 3. a30@4.9261% 1.015v 4. 6455 1- 1.01530,30 1-1.015v The total present value at the start of the 30-year period is: R. (Round answer to 2 decimal places.)
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