A regular payment of £200 per year is to be made over 5 years. If the interest rate is 12 per cent, what is the present value of the annuity?
A) £921.00
B) £1012.00
C) £940.00
D) £721.00

Question

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The Answer of A regular payment of £200 per year is to be made over 5 years. If the interest rate is 12 per cent, what is the present value of the annuity?
A) £921.00
B) £1012.00
C) £940.00
D) £721.00

A Regular Payment of £200 Per Year Is to Be