Determine the present value of an annuity if the amount of each payment is Rs 2,000, payable

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Determine the present value of an annuity if the amount of each payment is Rs 2,000, payable at the end of each year for 4 years and the interest rate is 6% compounded annually.

With A= 2,000, n = 4, R = 1 + i = 1.06, we have

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Quantitative Techniques In Management

ISBN: 99835

4th Edition

Authors: N D VOHRA

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Question Posted: Aug 31, 2024 05:00 AM

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Determine the present value of an annuity if the amount of each payment is Rs 2,000, payable

Question:

2,000 (11.06-4) (1.06 - 1) Rs 6,930.2.

Step by Step Answer:

Quantitative Techniques In Management

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