Answer:
PV = x * [{ 1 - ( 1 + r/200)^( - n)} / ( r/200)]
Where, r = 6%, n = 10 * 2 = 20 x = 5000
So, PV of the annuity = 74387.37 Ans.
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Answer:
PV = x * [{ 1 - ( 1 + r/200)^( - n)} / ( r/200)]
Where, r = 6%, n = 10 * 2 = 20 x = 5000
So, PV of the annuity = 74387.37 Ans.