Mathematics for FinanceMTP Jun 23Question 1524 of 462
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The amount of an annuity due consisting of 15\displaystyle 15 annual payments invested at 8%\displaystyle 8\% effective is 10,000\displaystyle 10,000. Find the size of each payment:

Options

A373.86\displaystyle 373.86
B308.60\displaystyle 308.60
C341.01\displaystyle 341.01
DNone of these
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Correct Answer

Option c341.01\displaystyle 341.01

All Options:

  • A373.86\displaystyle 373.86
  • B308.60\displaystyle 308.60
  • C341.01\displaystyle 341.01
  • DNone of these

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