What is the future value of an annuity amount of ₹2,000 payable at the beginning of each of the next 5 years, if the rate of return is 10% p.a. ? (A) ₹13,410 approx. (B) ₹11,230 approx. (C) ₹12,210 approx. (D) ₹11,110 ap
CS Executive · Financial and Strategic Management · PYQS · December 2022
What is the future value of an annuity amount of ₹2,000 payable at the beginning of each of the next 5 years, if the rate of return is 10% p.a. ? (A) ₹13,410 approx. (B) ₹11,230 approx. (C) ₹12,210 approx. (D) ₹11,110 approx.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Management
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