Future Value after 3 year = 3,00,000. The rate is 10 %. What is Present value today?

225000

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225394

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225395

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225390

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Solution

The correct option is B
225394

Present Value

PV=FV(1+r)nPV = {FV\over {(1+r)^n}}

= 3,00,000(1+0.1)3{3,00,000\over{(1+0.1)^3}}

= 2,25,394

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