An annuity makes 5 annual payments of Rs. 5,000, Rs. 10,000, Rs. 15,000, Rs. 20,000, Rs. 25,000 with the first payment coming today. What is the future value of this from now if the interest rate is 8%?
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Answer:
6,000
Explanation:
Average payment:- 75,000
Solution:- 75,000×8%= 6,000Rs.
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