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Question
State whether the following is True or False :
Annuity contingent begins and ends on certain fixed dates.
Options
True
False
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Solution
Annuity contingent begins and ends on certain fixed dates False.
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Therefore, P = `square/0.1 xx [1 - (1 + 0.1)^square]`
= 2,00,000 [1 – 0.7513]
= ₹ `square`
