1. You make a fixed deposit of *100,000 in Canara Bank for five years. The annual interest...

Question:

1. You make a fixed deposit of *100,000 in Canara Bank for five years. The annual interest rate is 12 per cent. How much total amount will you receive after five years if the interest is compounded (i) annually, (ii) half-yearly, (iii) quarterly, (iv) monthly and (v) continuously? 2. You expect to receive 100,000 after five years. If your required rate of return is 10 per cent, what is the present value of 100,000?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: