A 12 year annual annuity of Rs.

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A 12 year annual annuity of Rs. 10000 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?

Rs. 22898.12

Rs. 22620.63

C.Rs. 23456.78

D.Rs. 22124.95

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A 12 year annual annuity of Rs.

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