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The present value of an annuity of Rs.3000 for 15 years at 4.5% p.a. CI- :

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Rs. 23809.41

Rs.32218.64

Rs.32908.41

answer is B.

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Detailed Solution

Concept: To find the solution, enter the given values.
PV=

P stands for payment, r for rate, and n for time.
Given,
Payment P=Rs. 3000 of an annuity with a rate % = 4.5 % over a 15-year period

Substituting,

Hence, the correct answer is option 2.

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