Find the future value of the annuity due if principal is ₱ 80,000, rate is 4% , mode of payment is annually and term is 5 years.
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Find the future value of the annuity due if principal is ₱ 80,000, rate is 4% , mode of payment is annually and term is 5 years.
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Answer:
90,000
Step-by-step explanation:
4% of 80,000=2,000
2,000×5=10,000
80,000+1,000=90,000