Question: Financial Mathematics question, please use formulas and handwritten work rather than excel (picture provided). Will rate kindly. An annuity pays 1 at the end of
An annuity pays 1 at the end of each year for n years. Using an annual effective interest rate of i, the accumulated value of the annuity at time (n+1) is 13.776. It is also known that (1+i)" =2.476. Calculate n. (A) 4 (B) S (C) 6 (D) 7 (E) 8
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