Mathematics for FinanceMTP Nov 18Question 1491 of 422
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Rs.$500$ is invested is invested at the end of each month in an account paying interest $8\%$ per year compounded annually. The future value of annuity after $10$th payment is

Options

ARs.$5,242.31$
BRs.$7,423.30$
CRs.$3,451.50$
DRs.$3,541.50$
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Correct Answer

Option bRs.$7,423.30$

All Options:

  • ARs.$5,242.31$
  • BRs.$7,423.30$
  • CRs.$3,451.50$
  • DRs.$3,541.50$

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