It is expected to receive Rs. 5,000 annually for 3 years with each receipt occurring at the end of the year. With a discount rate of 10%, the present value of the annuity will be nearly

It is expected to receive Rs. 5,000 annually for 3 years with each rec

1.	It is expected to receive Rs. 5,000 annually for 3 years with each receipt occurring at the end of the year. With a discount rate of 10%, the present value of the annuity will be nearly
A.	Rs. 12,435
B.	Rs. 9,945
C.	Rs. 4,975
D.	Rs. 2,487
Answer» B. Rs. 9,945