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The present value of annuity of Rs. 5000 per annum for 12 years at 4% p.a. C.I. annually is a) Rs. 46000 b) Rs. 46850

The present value of annuity of Rs. 5000 per annum for 12 years at 4% p.a. C.I. annually is

a)
Rs. 46000
b)
Rs. 46850
c)
Rs. 15000
d)
None of these

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