Zweli wants to buy an ordinary annuity that pays R6 000 a year for the next 20 years. The expect annual interest rates will be 6% over that time period. what is the máximo he will pay for annuity?

Solución

Zweli wants to buy an ordinary annuity that pays R6 000 a year for the next 20 years. The expect annual interest rates will be 6% over that time period. what is the maximum he will pay for annuity?

Solución

Principal : 2727.27

Pasos de solución

Translate the problem into an equation:

6000 = P (1 + 0.06 \cdot 20)

Resolver para

P, 6000 = P (1 + 0.06 \cdot 20) : P = 2727.27

Principal : 2727.27

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