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Section A (1 Mark)Mr.

Section A (1 Mark)

Mr. Murli is 55 years old at present. He has invested some amount in an annuity which will pay him begining of the 5th year Rs. 30,000/- p.a. at the beginning of every year for 10 years. Rate of interest is 7% p.a. Calculate how much amount he has invested now?

A.

172000.04

B.

169123.09

C.

C182123.98

D.

345982.12

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