Mathematics for FinancePYQ Dec 22Question 1462 of 462
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5,000\displaystyle 5,000 is invested every month end in an account paying interest @12%\displaystyle @12\% per annum compounded monthly. What is the future value of this annuity just after making 41st\displaystyle 41^{st} payment? (Given that (1.01)41=1.501156\displaystyle (1.01)^{41} = 1.501156 )

Options

A57,800\displaystyle 57,800
B56,100\displaystyle 56,100
C56,800\displaystyle 56,800
D57,100\displaystyle 57,100
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Correct Answer

Option a57,800\displaystyle 57,800

All Options:

  • A57,800\displaystyle 57,800
  • B56,100\displaystyle 56,100
  • C56,800\displaystyle 56,800
  • D57,100\displaystyle 57,100

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