Mathematics for FinancePYQ Jun 19Question 1437 of 422
All Questions

Let a person invest a fixed sum at the end of each month in an account paying interest $12\%$ per year compounded monthly. If the future value of this annuity after the $12^{th}$ payment is $₹ 55,000$ then the amount invested every month is?

Options

A$₹ 4,837$
B$₹ 4,637$
C$₹ 4,337$
D$₹ 3,337$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$₹ 4,837$

All Options:

  • A$₹ 4,837$
  • B$₹ 4,637$
  • C$₹ 4,337$
  • D$₹ 3,337$

Key Concepts to Understand

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free