Question: ten years from now mr x will start receiving a pension of rs 3000 a year. the payment will continue for sixteen years.how much is

ten years from now mr x will start receiving a pension of rs 3000 a year. the payment will continue for sixteen years.how much is the pension worth now, if his interest rate is 10% ?

MR X BORROWS 100000 AT 8% COMPOUNDED ANNUALLY. EQUAL ANNUAL PAYMENTS ARE TO BE MADE FOR 6 YEARS. HOWEVER,AT THEN TIME OF THE FOURTH PAYMENT,THE INDIVIDUAL ELECTS TO PAY OFF THE LOAN.HOW MUCH SHOULD BE PAID?

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