Mathematics · Financial Mathematics
Assume a person saves for retirement by making regular annual deposits. What will be the accumulated amount (Future Value) of the retirement savings at the end of 20 years if the annual deposit is Rs. 25,000, assuming an annual interest rate of 8%? (Given that the Future Value Annuity Factor for Annuity Due, FVAFD, for 20 years at 8 percent is 50.4229)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 12,60,572.50✓
- 2Rs. 12,14,575.00
- 3Rs. 11,54,420.00
- 4Rs. 13,00,000.00
Correct answer
Rs. 12,60,572.50
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Mathematics MCQs →Want more practice questions on Financial Mathematics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Financial Mathematics