00:01
Hello students, we are given here a question that what is the present worth of a three years annuity paying 3000 at the end of each year with the interest rate of 8 percentage compounded annually.
00:17
So here we are supposed to know that it is a proper concept based question.
00:23
Okay, so we can how we will solve it? we can write it as a p .w is equal to present worth is equal to, here we can write a of p by a, comma, i, comma, n.
00:43
Okay, students.
00:45
Now, here we can write that 3 ,000 times p by a, okay, students, comma, 8 percentage, n is 3 years.
00:55
So basically 3.
00:56
Now, when we solve it, what we will get 3 ,000 times...