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Answer to Question #321460 in Financial Math for gloriak

Question #321460

The present value of an annuity is R62 543,42. The time under onsideration is 10 years and the appli able interest rate is 16% per year, ompounded monthly. The future value of this annuity is [1℄ R162 612,89. [2℄ R1 333 517,61. [3℄ R306 521,61. [4℄ R581 913,00.


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