Question 22
Mr. Alex will receive annuity payments of ₹ 5000 a year for 4 years, with the first payment occurring at the beginning of Year 3. What is the value of this annuity to her today at a discount rate of 7.25 percent?
Mr. Alex will receive annuity payments of ₹ 5000 a year for 4 years, with the first payment occurring at the beginning of Year 3. What is the value of this annuity to her today at a discount rate of 7.25 percent?
Correct answer: 14640 (accepted within ±5)
Question 22 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 3 Dec 2023, in the September 2023 term (IIT M DEGREE AN2 EXAM QDB2 03 Dec 2023). It carries 1 mark.