Multiple Choice
What is the future value of a 5-year ordinary annuity with annual payments of R200, evaluated at a 15 percent interest rate?
A) R670.44
B) R842.91
C) R1,169.56
D) R1,522.64
E) R1,348.48
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q30: Of all the techniques used in finance,
Q39: You are given the following cash flows.What
Q40: You expect to receive R1,000 at the
Q41: You want to go on a boat
Q43: You are given the following cash flow
Q44: You are considering an investment in a
Q45: Your client just turned 75 years old
Q46: If a 5-year regular annuity has a
Q47: You have just purchased a life insurance
Q104: The effective annual rate is always greater