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The amount of an annuity certain of 150 for 12year at 3.5% C.I id?
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The amount of an annuity certain of 150 for 12year at 3.5% C.I id?
Apply future value annuity formula
u get, 150 [(1+0.035)^12 -1 ÷ 0.035] = 2190.29
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The amount of an annuity certain of 150 for 12year at 3.5% C.I id?
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