Mathematics for FinancePYQ Dec 22Question 1462 of 422
All Questions

$5,000$ is invested every month end in an account paying interest $@12\%$ per annum compounded monthly. What is the future value of this annuity just after making $41^{st}$ payment? (Given that $(1.01)^{41} = 1.501156$ )

Options

A$57,800$
B$56,100$
C$56,800$
D$57,100$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$57,800$

All Options:

  • A$57,800$
  • B$56,100$
  • C$56,800$
  • D$57,100$

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