Mathematics for FinanceMTP May 19Question 1495 of 422
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Suppose your father decides to gift you $10,000$ every year starting from today for the next five years, you deposit this amount in a bank as and when you receive and get $10\%$ p.a. C.I. What is the present value of this annuity?

Options

A$65,156$
B$64,698.70$
C$41,698.70$
DNone
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Correct Answer

Option b$64,698.70$

All Options:

  • A$65,156$
  • B$64,698.70$
  • C$41,698.70$
  • DNone

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