find the present value of 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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= Rs. 500 n = 7 i = 14% = 0.14 A(7, 0.14) = 500 [ (1 + 1.014)^7 - 1/0.14 ] = Rs. 5365.35
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