A 12 - payment annuity of Rs.10,000 will begin 8 years hence. (The first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent? Mahesh deposits Rs.200,000 in a bank account which pays 10 per cent interest. How much can he withdraw annually for a period of 15 years ?

select one:

a. 56600

b. 66500

c. 22460

d. 22640

Answer rating: 100% (QA)

The correct option is d 22640 Explanation The Present Value Annuity Factor PVAF for n years disco... View the full answer