Question 1139157

An inheritance of R400 000 will provide how much at the end of each year for the next 20 years, if money is worth 7% p.a., compounded annually?
<pre>This was presented a LONG while back, and was correctly answered, and is again placed below. 
<b><u>BEWARE:</b></u> Do not EVEN LOOK at ADDINGUP's answer, because as usual, ABSOLUTELY NOTHING he seems to post here ever ADDS UP.

Question 1073455: An inheritance of �400000 will provide how much at the end of each year for the next 20 years , if money is worth 7% compounded annually 
<pre>Correct answer: {{{highlight_green(matrix(1,4, "37,757.17", pounds, per, year))}}}
In this case, only the currency changes to: {{{highlight_green(matrix(1,3, "R37,757.17", per, year))}}}