Mathematics for FinancePYQ Jun 23Question 1464 of 479
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Suppose you have decided to make a Systematic Investment Plan (SIP) in a mutual fund with 1,00,000\displaystyle 1,00,000 every year from today for next 10\displaystyle 10 years where you get return at the rate of 10%\displaystyle 10\% per annum compounded annually. What is the future value of this annuity?

Options

A12,35,414\displaystyle 12,35,414
B12,35,411\displaystyle 12,35,411
C17,35,411\displaystyle 17,35,411
D17,33,414\displaystyle 17,33,414
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Correct Answer

Option d17,33,414\displaystyle 17,33,414

All Options:

  • A12,35,414\displaystyle 12,35,414
  • B12,35,411\displaystyle 12,35,411
  • C17,35,411\displaystyle 17,35,411
  • D17,33,414\displaystyle 17,33,414

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