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Your grandmother left you an inheritance in the form of a trust. The trust agreement states that you are to receive R 2 5 0

Your grandmother left you an inheritance in the form of a trust. The trust agreement states that you are to receive R2500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6,20%?
a.
R49942,42
b.
R40706,92
c.
R66811,30
d.
R39942,42
Question 12
Your uncle has R375000 and wants to retire. He expects to live for another 25 years and to be able to earn 8% on his invested funds. How much could he withdraw at the end of each of the next 25 years and end up with zero in the account?
a.
R29729,70
b.
R35129,54
c.
R33641,50
d.
R28243,21

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