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.…
CA Foundation · Quantitative Aptitude · RTP · May 2026
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. (given (1.06) -10 = 0.5584):
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 7,360
Topics: Part-A: Business Mathematics
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