Mathematics for FinancePYQ Dec 23Question 1558 of 422
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Mr. Sharad got his retirement benefits amounting to $50,00,000$. He want to receive a fixed monthly sum of amount for his rest of life, starting after one month and thereafter he want to pass on the same to future generation. He expects to earn an interest of $9\%$ CI Annually. Determine how much perpetual payment he will receive every month?

Options

A$39,500$
B$38,500$
C$37,500$
D$36,600$
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Correct Answer

Option c$37,500$

All Options:

  • A$39,500$
  • B$38,500$
  • C$37,500$
  • D$36,600$

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