Find the present value of an annuity which pays 200 at the end of each 3 months for 10 years assuming money to be worth 5% converted quarterly?

CA Foundation · Quantitative Aptitude · MTP · January 2025
Find the present value of an annuity which pays 200 at the end of each 3 months for 10 years assuming money to be worth 5% converted quarterly?
(A) A. ₹ 3473.86
(B) B. ₹ 3108.60
(C) C. ₹ 6265.38
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹ 3108.60

Topics: Part-A: Business Mathematics

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