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6) What is the present value of Rs. 1000 due in 2 years at 5% per annum compound interest, according as the interest is paid

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6) What is the present value of Rs. 1000 due in 2 years at 5% per annum compound interest, according as the interest is paid (a) yearly (b) half yearly. [Ans: Rs.906.90; Rs. 906.10]

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