Mathematics · Financial Mathematics
Consider an ordinary annuity whose periodic payment is Rs. R, payable at the end of each payment period for 'n' periods, at an interest rate of r% per period, where i = r/100. The future value amount (A) of this obligation is given by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A = R[(1+i)n - 1i]✓
- 2A = R[(1-i)n - 1i]
- 3A = R[(1+i)ni - 1]
- 4A = R[in-1 - 1]
Correct answer
A = R[(1+i)n - 1i]
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