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 · September 2024
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. 114180.44
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 114180.44

Topics: Part-A: Business Mathematics

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