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An investor wants to purchase a level annuity of £82 per annum payable monthly in arrear for 8 years

Finance

An investor wants to purchase a level annuity of £82 per annum payable monthly in arrear for 8 years. Find the purchase price in £, given that it is calculated on the basis of an interest rate of 2.7 % per annum convertible quarterly.

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2.86 USD

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