A person bought a house paying Rs.20,000 cash down and Rs.4,000 at the end of each year for 25 years at 5% p.a. C.I . The cash down price is [Given(1.05)²⁵=3.386355]
(a). Rs.75,000
(b). Rs.76,000
(c). Rs.76,375.80
(d). none of the above
Answer with complete procedure.
Answers
Answered by
12
Thank you for asking this question. Here is your answer:
PV = 4000 x sum of 1/(1+r)^n
= 4000 x sum of 1/(1.05)^25
= 56,375.77
Now we will calculate the total price here:
down price + pv
= 20,000 + 56,375
= 76,375
76,375 is the final answer for this question.
If there is any confusion please leave a comment below.
Answered by
8
Answer:
Thank you for asking this question. Here is your answer:
PV = 4000 x sum of 1/(1+r)^n
= 4000 x sum of 1/(1.05)^25
= 56,375.77
Now we will calculate the total price here:
down price + pv
= 20,000 + 56,375
= 76,375
76,375 is the final answer for this question.
If there is any confusion please leave a comment below.
Pls mark as brainliest
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