Mathematics for FinanceMTP Nov 18Question 1487 of 479
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10,000\displaystyle 10,000 is paid every year to off a loan, the loan amount if interest be 14%\displaystyle 14\% per annum compounded annually is [P(10,0.14)=5.21611]\displaystyle [P(10, 0.14) = 5.21611]

Options

A5216.11\displaystyle 5216.11
B1917.13\displaystyle 1917.13
C52,161.1\displaystyle 52,161.1
D19,171.3\displaystyle 19,171.3
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Correct Answer

Option a5216.11\displaystyle 5216.11

All Options:

  • A5216.11\displaystyle 5216.11
  • B1917.13\displaystyle 1917.13
  • C52,161.1\displaystyle 52,161.1
  • D19,171.3\displaystyle 19,171.3

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