Mathematics for FinanceMTP Jun 23Question 1524 of 422
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The amount of an annuity due consisting of $15$ annual payments invested at $8\%$ effective is $10,000$. Find the size of each payment:

Options

A$373.86$
B$308.60$
C$341.01$
DNone of these
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Correct Answer

Option c$341.01$

All Options:

  • A$373.86$
  • B$308.60$
  • C$341.01$
  • DNone of these

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