An investor deposits a sum of Rs 100,000 in an investment company with a promise of a rate of return of 18 percent per year. What will the sum amount be at the end of 5 years if the interest is added (i) monthly, and (ii) continuously.
An investor deposits a sum of Rs 100,000 in an investment company with a promise of a rate of return of 18 percent per year. What will the sum amount be at the end of 5 years if the interest is added (i) monthly, and (ii) continuously.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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An investor deposits a sum of Rs 100,000 in an investment company with a promise of a
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