2022 Dec Business Mathematics and Logical reasoning and Statistics

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Question : 20 of 100
 
Marks: +1, -0
Raju invests ₹20,000 every year in a deposit scheme starting from today for next 12 years. Assuming that interest rate on this deposit is 7% per annum compounded annually.
What will be the future value of this annuity? Given that (1+0.07)12=2.25219150
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