Mathematics for FinanceMTP Jun 24Question 1531 of 422
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Find the present value of an annuity of $1,000$ payable at the end of each year for $10$ years. If rate of interest is $6\%$ compounding per annum.

Options

A$7,360$
B$8,360$
C$12,000$
DNone of these
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Correct Answer

Option a$7,360$

All Options:

  • A$7,360$
  • B$8,360$
  • C$12,000$
  • DNone of these

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