Multiple Choice Questions on An 8 years annuity due has a present value of Rs 1 000 If the interest rate is 5 the amount of each ........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

An 8 years annuity due has a present value of Rs 1 000 If the interest rate is 5 the amount of each ...........

Finance (Phase -I & II) Others
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    An 8 years annuity due has a present value of Rs. 1,000. If the interest rate is 5%, the amount of each annuity payment is closest to which of the following?

    Rs. 154.73

    Incorrect Answer

    Rs. 147.36

    Correct Answer

    Rs. 109.39

    Incorrect Answer

    Rs. 104.72

    Incorrect Answer
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    Explanation:

    Amount of Annuity = 1000  x  0.05/1(-) 1/1.447  = 155.27/1.05 = 147.36 (approx)

    By: VISHAL GOYAL
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