Mathematics for FinancePYQ Dec 23Question 1467 of 422
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Govinda's mother decides to gift him $50,000$ every year starting from today for the next five years. Govinda deposits this amount in a bank as and when he receives and gets $10\%$ per annum interest rate, compounded annually. What is the present value of this annuity? Given $P(4,0.10) = 3.16987$.

Options

A$2,80,493.5$
B$2,08,493.5$
C$2,08,943.5$
D$2,58,493.5$
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Correct Answer

Option b$2,08,493.5$

All Options:

  • A$2,80,493.5$
  • B$2,08,493.5$
  • C$2,08,943.5$
  • D$2,58,493.5$

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