Mr Amir wish to get her daughter admitted into a medical college after 15 years from now. He will be required total Rs 2500000 to get admission into the college. For this he has identified a fund, which pays interest 9% per annum. In this regard he wanted to know the amount to be invested in each of the following situation: I. If he decides to make payment into fund at the end of the year. II. If he decides to make payment into fund at the beginning of the year. Q2 The British Company is purchasing a building and has a Rs. 190000 mortgage loan for 7 years. The loan bears a compound annual interest rate of 17% and calls for equal annual installment payments at the end of each of the 7 years. What is the amount of the annual payment and also prepare amortization schedule. Q3. Write down the importance of time value of money for healthcare organization.
Mr Amir wish to get her daughter admitted into a medical college after 15 years from now. He will be required total Rs 2500000 to get admission into the college. For this he has identified a fund, which pays interest 9% per annum. In this regard he wanted to know the amount to be invested in each of the following situation:
I. If he decides to make payment into fund at the end of the year.
II. If he decides to make payment into fund at the beginning of the year.
Q2 The British Company is purchasing a building and has a Rs. 190000 mortgage loan for 7 years. The loan bears a
Q3. Write down the importance of
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