Mathematics for FinanceMTP Nov 18Question 1489 of 479
All Questions

Suppose your father decides to gift you 5,000\displaystyle 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%\displaystyle 10\% per annum interest rate compound annually. The present value of this annuity is [P(3,0.10)=2.48685]\displaystyle [P(3,0.10) = 2.48685]

Options

A17,434.25\displaystyle 17,434.25
B17,344.25\displaystyle 17,344.25
C17,434.52\displaystyle 17,434.52
D17,344.52\displaystyle 17,344.52
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a17,434.25\displaystyle 17,434.25

All Options:

  • A17,434.25\displaystyle 17,434.25
  • B17,344.25\displaystyle 17,344.25
  • C17,434.52\displaystyle 17,434.52
  • D17,344.52\displaystyle 17,344.52

Key Concepts to Understand

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 479 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free