Examveda
Examveda

Future value of annuity FVA(ordinary) is, if deposited value is Rs 100 and earn 5% every year of total three years will be

A. Rs 315.25

B. Rs 331.01

C. Rs 99.49

D. Rs 318.25

Answer: Option A


This Question Belongs to Commerce >> Financial Management

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Comments ( 1 )

  1. Sanduni Jayawickrama
    Sanduni Jayawickrama :
    5 months ago

    FV of annuity = Payment * (1+r)^n - 1/r
    = 100* (1+5%)^3 - 1 / 5%
    = Rs 315.25

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