Mathematics for FinanceMTP Nov 18Question 1489 of 422
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Suppose your father decides to gift you $5,000$ every year starts from today for the next four years. You deposit the amount is a bank and as and when you receive and get $10\%$ per annum interest rate compound annually. The present value of this annuity is $[P(3,0.10) = 2.48685]$

Options

A$17,434.25$
B$17,344.25$
C$17,434.52$
D$17,344.52$
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Correct Answer

Option a$17,434.25$

All Options:

  • A$17,434.25$
  • B$17,344.25$
  • C$17,434.52$
  • D$17,344.52$

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