Find the present value of an annuity of ₹ 1,000 payable at the end of each year for 10 years, if the money is worth 5% effective.
CA Foundation · Quantitative Aptitude · MTP · April 2025
Find the present value of an annuity of ₹ 1,000 payable at the end of each year for 10 years, if the money is worth 5% effective.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 7,724
Topics: Part-A: Business Mathematics
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