Question: ( 4 ) An annuity is payable annually in arrear for ( a + 1 5 ) years. The first payment is 5 0 T

(4) An annuity is payable annually in arrear for (a+15) years. The first payment is 50TL and the amount of each subsequent payment increases by 10TL each year. Find the present value of the annuity on the basis of the effective rate of interest 10% per annum.
(4) An annuity is payable annually in arrear for (a+15) years.

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