Math, asked by Deforestation8506, 1 month ago

23. Determine the present value of perpetuity Rs. 10 per month for infinite period at an effectiverate of interest of 14% p.a.?(a).Rs. 657(c) Rs. 857(b)(d)Rs. 757Rs. 957

Answers

Answered by marshalpolachan17

3

Answer:

c.857

Step-by-step explanation:

pv of perpetuity = pv ÷ interest rate

=(10×12) ÷ .14

=857.14 = 857

here pv in month so change into year. =

10 ×12=120

interest rate =14% = 14÷100 = .14

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