21. Find the present value of 10,000 to be required after 5 years, if the interest rate be 9 per cent
compounded annually (Given: (1.09) = 0.65)
Answers
Answered by
4
Answer:
Rs.6499.42.
Step-by-step explanation:
Here i=0.09=9%
n−5
A
n
=10,000
Required present value =
(1+i)
n
A
n
=
(1+0.09)
5
10,000
=Rs.6499.42.
Answered by
1
Answer:
900
is an correct answer
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