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Question
₹ 5000 is paid as perpetual annuity every year and the rate of C.I. 10%. Then present value P of immediate annuity is __________.
Options
₹ 60,000
₹ 50,000
₹ 10,000
₹ 80,000
Solution
₹ 5000 is paid as perpetual annuity every year and the rate of C.I. 10%. Then present value P of immediate annuity is ₹ 50,000.
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