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First we find the total amount of money we will receive. Next, we use the sum of GP formula.
Do solve for a yourself as I believe that's good practice.
Also, I solved this problem under the assumption that it is 6% per annum.
Do solve for a yourself as I believe that's good practice.
Also, I solved this problem under the assumption that it is 6% per annum.
Date Posted:
7 years ago