1.A person deposited Rs.5000 at the end of six months in each of the next five years. The bank offered rate is 10%. Calculate how much he has at the end of five years. 2.A person saved Rs.2500 at the end of each month in the next three years. The bank offered rate is 12.25%. Calculate how much he has at the end of three year
1.A person deposited Rs.5000 at the end of six months in each of the next five years. The bank offered rate is 10%. Calculate how much he has at the end of five years. 2.A person saved Rs.2500 at the end of each month in the next three years. The bank offered rate is 12.25%. Calculate how much he has at the end of three year
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1.A person deposited Rs.5000 at the end of six months in each of the next five years. The bank offered rate is 10%. Calculate how much he has at the end of five years.
2.A person saved Rs.2500 at the end of each month in the next three years. The bank offered rate is 12.25%. Calculate how much he has at the end of three years.
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