MAY 2025Foundation
Find the approximate future value of an annuity due of ₹500 per quarter for 8 years and 9 months at the interest rate of 6% compounded quarterly. [Given that (1.015)³⁵ = 1.6839]
A
(A) ₹ 13,740.86
B
(B) ₹ 29,428.23
C
(C) ₹ 56,971.95
D
(D) ₹ 22,796.66