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What is the present value of Rs. 10,000 due in 2 years at 8% p.a., C.I. according as the interest is paid (a) yearly or (b) half-yearly?
What is the present value of Rs. 10,000 due in 2 years at 8% p.a., C.I. according as the interest is paid (a) yearly or (b) half-yearly?
Solution
Previous article: (a) Find the number of years and the fraction of a year in which a sum of money will treble itself at compound interest at 8 per cent per annum. (b) In what time will a sum of Rs. 1234 amount to Rs. 5678 at 8% p.a. compound interest, payable quarterly?
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Next article: Find the component interest of Rs. 10,000 for 4 years at 5% per annum. What will be the simple interest in the above case?
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Cost Volume Profit
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Accounting in Action
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Introduction
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Probability I: Introductory Ideas
Investments
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Accounting for Receivables
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Plant Assets, Natural Resources, and Intangible Assets
Corporations: Dividends, Retained Earnings, and Income Reporting
Long-Term Liabilities
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Managerial Accounting
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