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Financial Forensics · Quiz 2 · 2 Apr 2023 · January 2023 term · Set QPE3

Question 7: Mohan will receive a perpetuity of ₹ 30,000 per year fore…

Question 7

+1 markOne correct option

Mohan will receive a perpetuity of ₹ 30,000 per year forever, while Rohan will receive the same annual payment for the next 30 years. If the interest rate is 7.4 percent, how much more are Mohan’s payments worth?

  1. A

    ₹ 46,128.87

  2. B

    ₹ 47,616.90

  3. C

    ₹ 49,997.74

  4. D

    ₹ 44,640.84

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Correct answer

  • B

    ₹ 47,616.90

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Question 7 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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