Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is compounded semi-annually, what will be the value of the certificate when it matures by above given two equations? 81444.731 63814.078 64004.227 ONone of the above
Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is compounded semi-annually, what will be the value of the certificate when it matures by above given two equations? 81444.731 63814.078 64004.227 ONone of the above
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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Transcribed Image Text:Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is compounded semi-annually, what will be the value of the certificate when it
matures by above given two equations?
81444.731
63814.078
64004.227
ONone of the above
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