Mathematics for FinancePYQ Sep 24Question 1481 of 422
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In an account paying interest $@9\%$ per year compounded monthly, $200$ is invested at the end of each month. What is the future value of this annuity after $10^{th}$ payment? (Where $(1.00/5)^{10} = 1.0775$ )

Options

A$2,060$
B$2,022$
C$2,044$
D$2,155$
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Correct Answer

Option a$2,060$

All Options:

  • A$2,060$
  • B$2,022$
  • C$2,044$
  • D$2,155$

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