Question

Find the present value of an annuity of Rs 5000 per annum for 12 years, the interest being 4%
per annum compounded annually.
​

Answer 1

Answer:

46,925.36

Step-by-step explanation:

annuity :- 5000

rate :- 4%

Time:- 12yrs

Pv = aunn. × sum of

$( \frac{1}{1 + r} )x$

= 5000 × sum of

$(\frac{1}{1.04} )12$

$5000 \times 9.385 \\ = 46925.36$

$answer = 46925.36$

Hope It really Help You Mate :)