Mathematics for FinanceMTP Dec 23Question 1529 of 422
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How much amount is required to be invested every year as to accumulate $6,00,000$ at the end of $10^{th}$ year, if interest is compounded annually at $10\%$ rate of interest?

Options

A$37,467$
B$37,476$
C$37,647$
D$37,674$
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Correct Answer

Option b$37,476$

All Options:

  • A$37,467$
  • B$37,476$
  • C$37,647$
  • D$37,674$

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