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An immediate annuity with period certain is to provide monthly payments of R3,000 over a period of 10 years. If the interest rate associated with
An immediate annuity with period certain is to provide monthly payments of R3,000 over a period of 10 years. If the interest rate associated with this annuity is 9% per annum compunded monthly, then the cost of the annuity is equal to: O a. R220,000 O b. None OC. R197,354.23 O d. R236,825.08
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