Find the present value of an annuity of Rs. 500 payable at the end of every half year for 10 years at 10% p.a. compound interest.
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Answer:
Assuming 1000 rs per year
Step-by-step explanation:
PV of any annuity
A=c/i (1-(1+i)^-n)
=1000/0.05 (1-(1+0.05)^-20)
=6231.102
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