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

Question 8: Your grandparents would like to establish a trust fund th…

Question 8

+1 markOne correct option

Your grandparents would like to establish a trust fund that will pay you and your heirs ₹ 2,05,000 per year forever with the first payment 12 years from today. If the trust fund earns an annual return of 4 percent, how much must your grandparents deposit today?

  1. A

    ₹ 3,077,942.19

  2. B

    ₹ 3,329,102.27

  3. C

    ₹ 5,125,000.00

  4. D

    ₹ 4,730,769.23

Show answer

Correct answer

  • B

    ₹ 3,329,102.27

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Question 8 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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