Mathematics for FinancePYQ Jun 24Question 1478 of 422
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What is the present value of $5,000$ to be obtained after six years if the interest rate is $5\%$ per annum? for $n=6, 7, 8, 9$ respectively. $\\frac{1}{(1.05)^n} = 0.74261, 0.71068, 0.67686, 0.64462$

Options

A$3,731$
B$3,553$
C$3,384$
D$3,223$
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Correct Answer

Option a$3,731$

All Options:

  • A$3,731$
  • B$3,553$
  • C$3,384$
  • D$3,223$

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