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Posted: **Tue Nov 23, 2021 9:04 am**

: Mr Smith Has Deposited 150 Per Month Into An Ordinary Annuity After 14 Years The Annuity Is Worth 85 000 What Was T 1 (26.5 KiB) Viewed 63 times

Mr Smith has deposited £150 per month into an ordinary annuity. After 14 years, the annuity is worth £85 000. What was the annuity annual rate earned monthly, during the 14 years' period? (i* FV = PMT 7 = (4+0 -