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Suppose you have decided to make a Systematic Investment Plan (SIP) in mutual fund
with ₹ 1,00,000 every year from today for next 10 years where you get return at the rate
of 10% per annum compounded annually. What is the future value of this annuity? Given
1.110 = 2.59374
(a) ₹ 17,35,114
(b) ₹ 17,53,411
(c) ₹ 17,35,411
(d) ₹ 17,53,114?
Most Upvoted Answer
Suppose you have decided to make a Systematic Investment Plan (SIP) in...
Calculation of Future Value of SIP:

Given Data:
- SIP amount = ₹ 1,00,000
- Number of years = 10
- Rate of return = 10%

Formula for Future Value of SIP:
FV = P * [(1 + r)^n - 1] / r
Where,
FV = Future Value of SIP
P = SIP amount
r = Rate of return per annum
n = Number of years

Calculation:
- P = ₹ 1,00,000
- r = 10% = 0.10
- n = 10 years
FV = 1,00,000 * [(1 + 0.10)^10 - 1] / 0.10
FV = 1,00,000 * [2.59374 - 1] / 0.10
FV = 1,00,000 * 1.59374 / 0.10
FV = 1,00,000 * 15.9374
FV = ₹ 15,93,740

Conclusion:
The future value of the SIP after 10 years would be ₹ 15,93,740. Therefore, the closest option to this value is (a) ₹ 17,35,114.
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Suppose you have decided to make a Systematic Investment Plan (SIP) in mutual fund with ₹ 1,00,000 every year from today for next 10 years where you get return at the rate of 10% per annum compounded annually. What is the future value of this annuity? Given 1.110 = 2.59374 (a) ₹ 17,35,114 (b) ₹ 17,53,411 (c) ₹ 17,35,411 (d) ₹ 17,53,114?
Question Description
Suppose you have decided to make a Systematic Investment Plan (SIP) in mutual fund with ₹ 1,00,000 every year from today for next 10 years where you get return at the rate of 10% per annum compounded annually. What is the future value of this annuity? Given 1.110 = 2.59374 (a) ₹ 17,35,114 (b) ₹ 17,53,411 (c) ₹ 17,35,411 (d) ₹ 17,53,114? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Suppose you have decided to make a Systematic Investment Plan (SIP) in mutual fund with ₹ 1,00,000 every year from today for next 10 years where you get return at the rate of 10% per annum compounded annually. What is the future value of this annuity? Given 1.110 = 2.59374 (a) ₹ 17,35,114 (b) ₹ 17,53,411 (c) ₹ 17,35,411 (d) ₹ 17,53,114? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose you have decided to make a Systematic Investment Plan (SIP) in mutual fund with ₹ 1,00,000 every year from today for next 10 years where you get return at the rate of 10% per annum compounded annually. What is the future value of this annuity? Given 1.110 = 2.59374 (a) ₹ 17,35,114 (b) ₹ 17,53,411 (c) ₹ 17,35,411 (d) ₹ 17,53,114?.
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