Mathematics for FinanceMTP Nov 19Question 1505 of 422
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An asset of $50,000$ to be paid back in equal annual installments over a period of $20$ years. Find the value of installment, if interest is compounded annually at $14\%$ per annum. $[Given \ (1.14)^{20} = 13.74349]$

Options

A$550.50$
B$549.30$
C$559.50$
D$560.50$
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Correct Answer

Option a$550.50$

All Options:

  • A$550.50$
  • B$549.30$
  • C$559.50$
  • D$560.50$

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