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instructions 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%

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instructions 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 (zo'Q4.9261%) 2. 6455v 1-1.01530,30 1-1.015v 3. 6455 1.015v (azog'@4.9261%) 4. 6455 (-2.01570049) 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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