2969. If security pays Rs 5,000 in 20 years with 7% annual interest rate, PV of security by using formula is

Rs 1,290.10
Rs 1,292.10
Rs 1,295.10
Rs 1,297.10
✅ The correct answer is B.
Present Value = FV / ( 1 + r/100 )ⁿ
= 5000 / ( 1 + 7/100)²⁰
= Rs. 1292.10

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