What is the present value of a 7-year Rs 1,000 annuity if the first Rs 1,000 payment is made 4 years from today and discount rate is 10%. Mr. A is depositing Rs 4,000 in a recurring bank deposit that...

What is the present value of a 7-year Rs 1,000 annuity if the first Rs 1,000 payment is made 4 years from today and discount rate is 10%.

Mr. A is depositing Rs 4,000 in a recurring bank deposit that pays 9% p.a. compound interest. How much amount will he get at the end of the fifth year?