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Future value of annuity FVA(ordinary) is if deposited value is Rs...

This question belongs to Commerce Financial Management
Financial Management
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Future value of annuity FVA(ordinary) is, if deposited value is Rs 100 and earn 5% every year of total three years will be

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Correct Answer: Option A
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Sanduni Jayawickrama
Sanduni Jayawickrama 3 years ago
FV of annuity = Payment * (1+r)^n - 1/r
= 100* (1+5%)^3 - 1 / 5%
= Rs 315.25
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