a.
To Calculate:
Concept Introduction:Future Valueis a value of a present amount on some future date. When present sum increases due to interest rate then that interest plus principle is called as future value. It is calculated by multiplying the future value of rupee 1 to the present value.
b.
To Calculate: Future value of (b).
Concept Introduction:Future Valueis a value of a present amount on some future date. When present sum increases due to interest rate then that interest plus principle is called as future value. It is calculated by multiplying the future value of rupee 1 to the present value.
c.
To Calculate: Future value of (c).
Concept Introduction:Future Valueis a value of a present amount on some future date. When present sum increases due to interest rate then that interest plus principle is called as future value. It is calculated by multiplying the future value of rupee 1 to the present value.
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Chapter 1 Solutions
Personal Finance (MindTap Course List)
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