Choose the correct alternative : Amount of money today which is equal to series of payments in future is called - Mathematics and Statistics

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MCQ

Choose the correct alternative :

Amount of money today which is equal to series of payments in future is called

Options

  • Normal value of annuity

  • Sinking value of annuity

  • Present value of annuity

  • Future value of annuity

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Solution

Amount of money today which is equal to series of payments in future is called Present value of annuity.

Concept: Annuity
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Chapter 2: Insurance and Annuity - Miscellaneous Exercise 2 [Page 29]

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Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 2 Insurance and Annuity
Miscellaneous Exercise 2 | Q 1.07 | Page 29
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