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CA Inter doubt

How do we get annuity value 3.708 Please any body briefly explain

Image attached to the doubt: How do we get annuity value 3.708 Please any body briefly explain

Asked by Priyansh2 May 2024480 views

3 answers

  1. Smriti · 2 May 2024

    This is sum of discounting factor of 5 years @10%

  2. Harish.T · 2 May 2024

    Summation of 1/(1.1)^n where n= 1 to 5 as the number of years here is 5

  3. vedant · 2 May 2024

    1+10% ÷ press equal to 5 times add all the 5 values

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