Suppose your parent decides to open a PPF account in a bank towards your name with ₹ 10,000 every year starting from today for next years. When you…
CA Foundation · Quantitative Aptitude · MTP · January 2026
Suppose your parent decides to open a PPF account in a bank towards your name with ₹ 10,000 every year starting from today for next years. When you receive and get 8.5% per annum interest rate compounded annually. What is the present value of this annuity?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. ₹ 90,100
Topics: Part-A: Business Mathematics
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