Mathematics for FinancePYQ Nov. 20Question 1439 of 422
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Find the future value of annuity of $₹ 1,000$ made annually for $7$ years at interest rate of $14\%$ compounded annually. Given that $(1.14)^7 = 2.5023$.

Options

A$10,730.7$
B$5,365.35$
C$8,756$
D$9,892.34$
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Correct Answer

Option b$5,365.35$

All Options:

  • A$10,730.7$
  • B$5,365.35$
  • C$8,756$
  • D$9,892.34$

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