a. Using the figure above, calculate the future worth (at the end of year 10) of a cash flow series of 10 equal annual deposits of R2500 if all deposits are made at the beginning of cach year starting today (year 0) at 9% annual interest? 1 2 10 years A=R2500 b. If you borrow R13,000 at 8 % compounded annually with the repayment schedule below, what is the amount A? P=R13000 10 year 5. A+100 A- A+200 A+300 A400 A+500 A+600
a. Using the figure above, calculate the future worth (at the end of year 10) of a cash flow series of 10 equal annual deposits of R2500 if all deposits are made at the beginning of cach year starting today (year 0) at 9% annual interest? 1 2 10 years A=R2500 b. If you borrow R13,000 at 8 % compounded annually with the repayment schedule below, what is the amount A? P=R13000 10 year 5. A+100 A- A+200 A+300 A400 A+500 A+600
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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