The present value of an annuity of ₹ 80 for 20 years at 5% p.a is [Given (1.05) 20 = 2.6533]

CA Foundation · Quantitative Aptitude · MTP · January 2025
The present value of an annuity of ₹ 80 for 20 years at 5% p.a is [Given (1.05) 20 = 2.6533]
(A) A. ₹ 997 (appx.)
(B) B. ₹ 900
(C) C. ₹ 1,000
(D) D. none of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. ₹ 997 (appx.)

Topics: Part-A: Business Mathematics

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