Mathematics for FinanceMTP Dec 23Question 1528 of 422
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Find the future value of an annuity of $500$ is made annually for $7$ years at interest rate of $14\%$ compounded annually. $[(1.14)^7 = 2.5023]$

Options

A$5365.25$
B$5265.25$
C$5465.25$
DNone of these
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Correct Answer

Option a$5365.25$

All Options:

  • A$5365.25$
  • B$5265.25$
  • C$5465.25$
  • DNone of these

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