Calculate the Term, Expressed in Years and Months, of the Following

question 120

Short Answer

Calculate the term, expressed in years and months, of the following ordinary annuity.

---

Definitions:

Maslow Hierarchy

A theory in psychology proposing that people are motivated by five basic categories of needs: physiological, safety, love, esteem, and self-actualization.

Level Of Needs

Refers to the hierarchy of human needs ranging from basic physiological ones to self-fulfillment, as per Abraham Maslow's theory.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as the highest need in Maslow's hierarchy of needs.

Maslow Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic physiological needs to self-actualization.