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You plan to deposit Rs.400 at the end of each year for 16 years in an account that pays 9 percent compounded annually. The terminal value at the end...

You plan to deposit Rs.400 at the end of each year for 16 years in an account that pays 9 percent compounded annually. The terminal value at the end of the 16 year period is closest to:
Select correct option:



Rs.13,201

Rs.17,667

Rs.9,634

Rs.19,329.

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