Shyam deposits Rs 5000 every year for next 3 years at 6% semiannual compounding Calculate the future value of investment?
Future value annuity factor at 3% for 3 years and 6 years is 3.0909 & 6.4684 respectively and at 6% for 3 years and 6 years is
3.1836 & 69753 respectively,
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Answer:
15918
Explanation:
Rs. 5000*3.1836 ( FVA AT 6% FOR 3 YEARS).
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