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Financial Forensics · Quiz 2 · 2 Apr 2023 · January 2023 term · Set QPE2

Question 10: Nu-Tools plans to set aside an equal amount of money eac…

Question 10

+1 markOne correct option

Nu-Tools plans to set aside an equal amount of money each year, starting today, so that it will have ₹ 25,000 saved at the end of three years. If the firm can earn 4.7 percent, how much does it have to save annually?

  1. A

    ₹ 7,596.61

  2. B

    ₹ 7,689.16

  3. C

    ₹ 8,414.14

  4. D

    ₹ 8,333.33

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Correct answer

  • A

    ₹ 7,596.61

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Question 10 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 2 Apr 2023, in the January 2023 term (IIT M DEGREE AN3 EXAM QPE3 02 Apr 2023). It carries 1 mark.

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