Question 9
An annuity costs ₹ 70,000 today, pays ₹ 3,500 a year, and earns a return of 4.5 percent. What is the length of the annuity time period?
54.96 years
52.31 years
43.08 years
48.00 years
Question 9: An annuity costs ₹ 70,000 today, pays ₹ 3,500 a year, and…
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52.31 years
Question 9 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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