...of an annuity? Hey there, Maths exam next week and I'm studying for it. Would like an answer to this that I can work from.Very much appreciated.(b) A staff member inherits a lump sum of €160,000. He is considering investing it at 3.6% per annum, compounded annually. How much will he have after ten years? If the interest is compounded quarterly, how much of a difference will this mean to him after ten years?c) Alternatively, the staff member considers buying an apartment for his daughters to use while attending college. The apartment will cost €325,000. If he makes a down payment of €100,000 and borrows the rest over 20 years, what monthly repayment will he have to make? Interest at 5.4% is compounded monthly.