The present value of a perpetual income of ₹ payable at the end of each 6 months is ₹ 1,80,000. If the money is worth 5% compounded semi-annually, then the value of is ₹ :
The present value of a perpetual income of ₹ payable at the end of each 6 months is ₹ 1,80,000. If the money is worth 5% compounded semi-annually, then the value of is ₹ :
Solution
✅ Correct Option: 1
Semi-annual rate .
PV of perpetuity .
.
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