2020 Business Mathematics and Logical reasoning and Statistics

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Question : 25 of 98

Marks: +1, -0

A five year annuity due has periodic cash flow of Rs. 100 each year, If the interest rate is 8% the future value of this annuity is given by

(Rs. 100) × (future value at rate 8% for 5 years) × (0.08)
(Rs. 100) ×(future value at rate 8% for 5 years) × (1–.08)
(Rs. 100) × (future value at rate 8% for 5 years) × (1+.08)
(Rs. 100) × (future value at rate 8% for 5 years) ×(1/0.08)

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