A. Suppose you are going to deposit Rs 15,000 in MCB savings account, Rs 25,000 in UBL savings account and RS 30,000 in MEZAAN BANK savings account at compounded semiannually and simple annually interest rate of 5%, 7% and 9% respectively. For 5, 10, and 20 years calculate the future value for each deposit.
B. Suppose you need RS 6,400 form MCB savings account with 5% annual interest rate after 5 years, RS 49,743 from UBL saving account with 7% annual interest rate after 10 years and RS 1,74,489 form MEZAAN BANK saving account with 9% annual interest rate after 20 years. Using compounded semiannually interest calculate the present value for each amount.
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