Question

Shyam deposits Rs 5000 every year for next 3 years at 6% semiannual compounding . Calculate the future value if investment? Future value annuity factor at 3% for 3years and 6 years is 3.0909 & 6.4684 respectively and at 6% for 3years and 6 years is 3.1836 & 6.9753 respectively.
• 15454.5
• 16171
• 15918
• 17438.25


please answer with explanation.

thanks in advance

Answer 1

Answer:

the investment value is 17438.25

Explanation:

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