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An annuity pays R15 000 per year at the end of every year for 15 years. Interes...
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An annuity pays R15 000 per year at the end of every year for 15 years. Interest is compounded at 8% per annum. Set your calculator to four decimal places and round the final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a)
(b)
(c) R225 000
(d)
0%
0%
100%
0%