Time Value of Money

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Question : 45 of 99

Marks: +1, -0

The future value of an annuity of

\₹ 1,000

made annually for 5 years at the rate of interest

14 \%

compound annually is

$\₹ 5610$
$\₹ 6610$
$\₹ 6160$
$\₹ 5160$

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