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      Question

      Assuming that the discount rate is 7% per annum, how

      much would one pay to receive ₹500, growing at 5%, annually, forever? 
      A ₹15,000 Correct Answer Incorrect Answer
      B ₹23,000 Correct Answer Incorrect Answer
      C ₹25,000 Correct Answer Incorrect Answer
      D ₹20,000 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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