a person needs RS.70000 after 19 years his daughter marriage ,how much he needs to invest to have required money if the money worth 4% compound semiannually

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 13E
icon
Related questions
Question
a person needs RS.70000 after 19 years his daughter marriage ,how much he needs to invest to have required money if the money worth 4% compound semiannually
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Rate Of Return
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage