Mathematics for FinancePYQ Dec 23Question 1471 of 479
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Mrs. X invests in an annuity immediately that promises annual payments of 50,000\displaystyle 50,000 for the next 16\displaystyle 16 years. If the interest rate is 6%\displaystyle 6\% compounded annually then the approximate present value of this annuity is

Options

A5,51,217.75\displaystyle 5,51,217.75
B5,75,900.00\displaystyle 5,75,900.00
C5,05,288.08\displaystyle 5,05,288.08
D5,35,617.45\displaystyle 5,35,617.45
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Correct Answer

Option b5,75,900.00\displaystyle 5,75,900.00

All Options:

  • A5,51,217.75\displaystyle 5,51,217.75
  • B5,75,900.00\displaystyle 5,75,900.00
  • C5,05,288.08\displaystyle 5,05,288.08
  • D5,35,617.45\displaystyle 5,35,617.45

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