Suppose your mom decides to gift you ₹ 10,000 every year starting from today for the next sixteen years. You deposit this amount in a bank as and…
CA Foundation · Quantitative Aptitude · MTP · January 2025
Suppose your mom decides to gift you ₹ 10,000 every year starting from today for the next sixteen years. You deposit this amount in a bank as and when you receive and get 8.5% per annum interest rate compounded annually. What is the present value of this money: [Given that P (15, 0.085) = 8.304236]
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 93,042
Topics: Part-A: Business Mathematics
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