Raju invests ₹20,000 every year in a deposit scheme starting from today for next 12 years. Assuming that interest rate on this deposit is 7% per annum compounded annually.
What will be the future value of this annuity? Given that (1+0.07)12=2.25219150

Question

Examsnet · Accepted Answer

Correct Answer is :  ₹382,813

2022 Dec Business Mathematics and Logical reasoning and Statistics