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ds rs 70000 after 19 ye

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 10E

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.

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A person needs rs 70000 after 19 years to solemnise his daughter marriage how much he needs to invest to have the required money if the money is worth 4% compounded semiannually

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a person needs RS.70000 after 19 years his daughter marriage ,how much he needs to invest to have required money if the money worth 4% compound semiannually
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