180k views
3 votes
Struggling to work out answer

Struggling to work out answer-example-1

1 Answer

5 votes

Answer:

Px⁶ = £1,752.60

Px⁵ = £1,690.50

----------------------

x = 254/245 = 1.0367 = 3.7%

P = 1,752.60 / (254/245)⁶ = £1,411.49

a) £1,411.49

b) 3.7%

User Luke Hutton
by
7.9k points

No related questions found