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An annuity pays Rs.500 annually for 8 years with an interest rate of 6% compounded annually. What is the present value of the annuity?a)Rs.3000b)Rs.3500c)Rs.4000d)Rs.4500Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about An annuity pays Rs.500 annually for 8 years with an interest rate of 6% compounded annually. What is the present value of the annuity?a)Rs.3000b)Rs.3500c)Rs.4000d)Rs.4500Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An annuity pays Rs.500 annually for 8 years with an interest rate of 6% compounded annually. What is the present value of the annuity?a)Rs.3000b)Rs.3500c)Rs.4000d)Rs.4500Correct answer is option 'B'. Can you explain this answer?.

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