Present Value of an Ordinary Annuity | Financial Calculator (Sharp EL-738)

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[@thamsanqamkhosana8527]

Good Day Thank you for these helpful vidoes, financial calculations were like forgein laungage until I saw your videos. Can you please show how to calculate this: Determine the present value of an ordinary annuity of R6 000 per annum with an increase of 5% per annum at the end of the year. The term is 15 years and the interest rate is 10% per annum, compounded annually. My main difficulty is incorpating the 5% annual increase Thank in Advance.

[@nandinisood]

i did the same steps as you yet i get a different answer

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