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Financial Maths, STD2 F5 2018 HSC 26c

Ali made monthly deposits of $100 into an annuity for 5 years.

Calculate the total amount Ali deposited into the annuity over this period.  (1 mark)

Show Answers Only

`$6000`

Show Worked Solution
`text(Total deposited)` `= 5 xx 12 xx 100`
  `= $6000`

Filed Under: F5 Annuities (Y12), Modelling Investments and Loans (Y12) Tagged With: Band 3, common-content, smc-1002-70-Other Loan/Annuities, smc-816-40-No Table

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