Assuming an effective interest rate of 6% pa calculate the present value as at 1...
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Finance
Assuming an effective interest rate of 6% pa calculate the present value as at 1 January 2008 of an annuity payable annually in advance for 25 years from 1 January 2009. The payments start at M3,000 pa and then increase by M500 pa on each subsequent 1 January.
- A. M96,336.66
- B. M16,533.78
- C. M86,533.78
- D. M110,620.68
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- A. M96,336.66
- B. M16,533.78
- C. M86,533.78
- D. M110,620.68
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