Q1. A loan of Rs. 50,000 is to be repaid in equal annual installments over 5 years. If the interest rate is 10% compounded annually, what is the approximate annual payment (annuity due)? (Use PVIFA for 5 years, 10% = 3.7907)
- A. Rs. 13,189.50
- B. Rs. 10,000.00
- C. Rs. 11,850.00
- D. Rs. 12,500.00
Subject: Business Mathematics