(6) Ao supply with swtable examples(10)person wishes to have Rs 10,00,

1.	(6) Ao supply with swtable examples(10)person wishes to have Rs 10,00,000 for his daughter's marooche layo fromnow. He plomy to deposit it a lump sum amount which will ferch himn an interest@ 107. compounded Semi-annually.Determine amount he should deposit now
Answer» Explanation: If we know the single amount (PV), the interest rate (i), and the number of periods of compounding (n), we can calculate the future value (FV) of the single amount. Calculations #1 through #5 illustrate how to determine the future value (FV) through the USE of future value factors. Calculation #1. You make a single deposit of $100 TODAY. It will remain INVESTED for 4 years at 8% per year compounded ANNUALLY. What will be the future value of your single deposit at the end of 4 years? The following timeline plots the variables that are KNOWN and unknown: 84X-timeline-04

(6) Ao supply with swtable examples(10)person wishes to have Rs 10,00,000 for his daughter's marooche layo fromnow. He plomy to deposit it a lump sum amount which will ferch himn an interest@ 107. compounded Semi-annually.Determine amount he should deposit now

Answer»

Explanation:

If we know the single amount (PV), the interest rate (i), and the number of periods of compounding (n), we can calculate the future value (FV) of the single amount. Calculations #1 through #5 illustrate how to determine the future value (FV) through the USE of future value factors.

Calculation #1.

You make a single deposit of $100 TODAY. It will remain INVESTED for 4 years at 8% per year compounded ANNUALLY. What will be the future value of your single deposit at the end of 4 years?

The following timeline plots the variables that are KNOWN and unknown:

84X-timeline-04

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