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in BUS 3024S - Contingencies by (1.1k points)

Hi, can someone please show how to calculate the following and advise if there is a formula for this type of annuity in arrears as there is for the in advance case ? The answer is B.


image

1 Answer

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by (240 points)

Hey there, 


So you needed a couple of formulae to help you solve that question which most of them can be found in Chapter 18 of the Act Ed notes! I have attached my calculation. image

by (1.1k points)
Thank you very much!
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