Suppose you are managing an account in which you deposit Rs. 20,000 at the end of each year for 20 years. How much amount you have accumulated with the assumption that you earn 5% interest compounded annually.
Calculate the present value of an annuity of Rs.25000 paid at the end of each month of 2 years. The annual interest rate is 12%.
Ali needs to borrow Rs 500,000 for three years. Which of the following option is more beneficial for him?
(i) 3.2 % simple interest rate
(ii) 1.6% compound interest rate when it is compounded semi annually
Given the following matrices:
Give proper reason where computation is not possible.
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