Mathematics · Financial Mathematics
Calculate the present value of a net annual return received in the 8th year of a project discounted at 11% per annum. During the 8th year, the annual cost is Rs 20,435, the annual return is Rs 59,500, and the net annual return is Rs 39,065.
- 1Rs 15,954
- 2Rs 16,951✓
- 3Rs 16,954
- 4Rs 20,554
Correct answer
Rs 16,951
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