appu retires at 60 years receiving a pension of 14400, a year paid in half yearly installments for rest of his life after recknowing his life expectations to be 13 years and that interest at 4%p.a. is payable half yearly.
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The options for this question are missing. Here are the missing options:
(A) 1,45,000
(B) 1,44,900
(C) 1,44,800
(D) 1,44,700
Answer:
In order to find the answer use this formula:
A = P (1+I) ^ n-1 / i (1+i) ^ n
The correct answer will be Option B: 1,44,900
If there is any confusion please leave a comment below.
suha18:
Can u plz give a written solution
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