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A bank is planning to offer a unique product to its customers whereby it would pay Rs 250,000 per annum for an indefinite period commencing

A bank is planning to offer a unique product to its customers whereby it would pay Rs

250,000 per annum for an indefinite period commencing from the end of year 6. How much

amount should the bank ask its customers to pay now, if the rate of interest that the bank can

pay, is 5% compounded annually?

a)c)RsRs3,191,221

3,917,631

b)d)RsRs3,547,829

3,960,498

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