Practicing Success
The present value (in Rs.) of a sequence of payments of Rs.8,000 made at the end of each 6 months and continued forever, if money is worth 4% per annum compounded semi annually, is: |
4,00,000 2,00,000 8,00,000 6,00,000 |
4,00,000 |
The correct answer is Option (1) → 4,00,000 |