Mathematics for FinanceMTP May 19Question 1501 of 422
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Suppose your friend decided gift to you $10000$ every year starting from today for the next five years. Your deposit this amount in a bank and when you receive and get $10\%$ per annum interest compounded annually. What is the present value of this annuity?

Options

ARs. $42698.70$
BRs. $43698.70$
CRs. $45698.70$
DRs. $41698.70$
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Correct Answer

Option cRs. $45698.70$

All Options:

  • ARs. $42698.70$
  • BRs. $43698.70$
  • CRs. $45698.70$
  • DRs. $41698.70$

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