Question

I owe you Rs. 1,500 to be payable 4 years from now. What is the equivalent cash payment that I can make now (S.I. prevailing being 6.25% p.a.)?​

Answer 1

Answer:

I owe you Rs. 1,500 to be payable 4 years from now. What is the equivalent cash payment that I can make now (S.I. prevailing being 6.25% p.a.)?

Differential Calculus read that book

Answer 2

Answer:

His answer is correct . I like it !