Question:
The present value (in ₹.) of a perpetuity of ₹.3600 payable at the end of each quarter, if the interest rate is 9% per annum compounded quarterly, is:
The present value (in ₹.) of a perpetuity of ₹.3600 payable at the end of each quarter, if the interest rate is 9% per annum compounded quarterly, is:
Updated On: Apr 26, 2024
- ₹2,40,000
- ₹1,60,000
- ₹2,00,000
- ₹3,20,000
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The Correct Option is B
Solution and Explanation
The correct option is(B):₹1,60,000
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