Future Value after 5 year = 8,00,000. The rate is 20 %. What is Present value today?

321504

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321502

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321500

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321498

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Solution

The correct option is B
321502

Present Value

$P V = \frac{F V}{(1 + r)^{n}}$

$= \frac{8, 00, 000}{(1 + 0.2)^{5}}$

= 321502

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