Find the future value of an annuity of ₹500 is made annually for 7 years at interest rate of 14% compounded annually. Given that (1.14) 7 = 2.5023.
CA Foundation · Quantitative Aptitude · MTP · September 2026
Find the future value of an annuity of ₹500 is made annually for 7 years at interest rate of 14% compounded annually. Given that (1.14) 7 = 2.5023.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹5365.25
Topics: Part-A: Business Mathematics
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