Time Value of Money

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Question : 89 of 99
 
Marks: +1, -0
Suppose your father decides to gift you Rs. 5,000 every year starts from today for the next four years. You deposit the amount is a bank as and when you receive and get 10% per annum interest rate compound annually. The present value of this annuity is
(Given P(3,0.10)=2.48685)
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