Question
If the present value of an annuity for 10 years at 6% p.a. compound interest is Rs 15,000, find the annuity A loan of Rs
If the present value of an annuity for 10 years at 6% p.a. compound interest is Rs 15,000, find the annuity A loan of Rs 10,000 is to be repaid in 30 equal annual instalments of Rs P. Find P, if the compound interest charged at the rate of 4% p.a. (annuity is an annuity immediate) [Given (1.04)30 = 3.2434]
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Authors: Jakob Nielsen, Raluca Budiu
1st Edition
0133122131, 9780133122138
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