Mathematics for FinancePYQ Dec 23Question 1471 of 422
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Mrs. X invests in an annuity immediately that promises annual payments of $50,000$ for the next $16$ years. If the interest rate is $6\%$ compounded annually then the approximate present value of this annuity is

Options

A$5,51,217.75$
B$5,75,900.00$
C$5,05,288.08$
D$5,35,617.45$
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Correct Answer

Option b$5,75,900.00$

All Options:

  • A$5,51,217.75$
  • B$5,75,900.00$
  • C$5,05,288.08$
  • D$5,35,617.45$

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