Present Value Annuities (Grade 12 NSC Matric Mathematics): Quizzes

Regular equal payments to repay a loan

$P = x \cdot \frac{[1 - (1 + i)^{-n}]}{i}$

Regular payment amount

8.5% per annum

Divide 0.09 by 12

R2486.85

R24000

Present value of remaining payments

$x = \frac{P \times i}{[1 - (1 + i)^{-n}]}$

Earning potential through compound interest