Assume you are receiving Rs. 1000/- a year, for 4 years at your birthday and you deposit each annual receipt in a PLS account for 8% compound interest. How much money you will have at the end of 3rd year considering annuity due.

1. Rs. 4560.1

2. Rs. 3650.1

3. Rs. 4866.5

4. Rs. 3246.4