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Question
The present value of the perpetual annuity of ₹ 2000 paid monthly at 10% compound interest is ___________.
Options
₹ 2,40,000
₹ 6,00,000
₹ 20,40,000
₹ 2,00,400
Solution
The present value of the perpetual annuity of ₹ 2000 paid monthly at 10% compound interest is ₹ 2,40,000.
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