What will be the approximate future value of an annuity of ₹ 1000 made annually for 5 years at interest rate of 7% per annum, compounded annually?…
CA Foundation · Quantitative Aptitude · PYQS · May 2026
What will be the approximate future value of an annuity of ₹ 1000 made annually for 5 years at interest rate of 7% per annum, compounded annually? (Given (1.07) 5 = 1.40255)
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹ 5,750
Topics: Part-A: Business Mathematics
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