III IC-81 Practice Questions - III IC-81 Mathematical Basis Of Life Assurance Exam

What is the present value of ₹5,00,000 payable at the end of 10 years, assuming a discount rate of 5% per annum?

₹3,06,957 ₹3,15,471 ₹2,50,000 ₹3,25,000

Correct Answer:

₹3,06,957

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