Appendix D Solutions to Questions Set in the Text

Solutions to Part I questions 1 £975.33 (A£1) 2 £663.429 (PV£1) 3 £3,553.20 (Annuity × or ÷ PV £1 pa) 4 £21,321.44 (A£1 pa) 5 £97.38 (ASF) 6 (a) Lump sum or annual sinking fund