In the annuity question of Q27 (a) part (ii), what exactly was it asking for?
Was it asking for the amount per year needed to be invested in the annuity ($48395.15) or was it asking for the amount of an equivalent lump sum investment having the same value after 7 years ($289318.37) ???
I thought it was the latter that they wanted but I wasn't totally sure.
Was it asking for the amount per year needed to be invested in the annuity ($48395.15) or was it asking for the amount of an equivalent lump sum investment having the same value after 7 years ($289318.37) ???
I thought it was the latter that they wanted but I wasn't totally sure.
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