M=9,D=1, R=3
Task 1 1. a. Consider the annuity of 3800 RO per year at the end of every year for (M+D) years. If the discount rate is equal to (R+7)%, find the present value of annuity at the end of (M+D) years? (8 marks) b. Define Compound interest. (2 marks)
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