ANNUITY Key Answer

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JAN 2016

[TUTORIAL CHAPTER 5: ANNUITY]-ANSWER

1) MAC 2015
a)
i)

718.50

ii)

4360.70

b)

215

2) SEPT 2014
a)

60 number of payments

b)

i) 237.42;2094.24
ii) 5009.31
iii) 1195.84

3) MAC 2014
i) 247.70; 2806.80
ii) 996.01
iii) 5692.42
4) SEPT 2013
i) 2201.31
ii) 78117.90
iii) 13616.18
iv) 24440.08
5) MAC 2013
i)

1443.95

ii)

181185

iii)

16885.17

“Hard work beats talent when talent doesn’t
works hard.”

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