Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a) Mr. Talukder retired very recently receiving 70% lump sum of his total retirement payment of 5 Million taka of which 60% he invested in

(a) Mr. Talukder retired very recently receiving 70% lump sum of his total retirement payment of 5 Million taka of which 60% he invested in a bank against the following cash-inflows: wwwwwwwww Year-End 1 2-5 Amount 165000 200000 6-9 10 350000 450000 Use a known method to identify if he made the right decision or not. Also, compute his total profit/loss for this investment. (b) Mr. X is about to be a Billionaire receive a payment of $1B for the investment he made 20 years ago with 198 APR compounding semi-weekly. Compute the big investment he made all these years ago

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intelligent Accountant Strategies Concepts And Ideas To Transform Your Practice

Authors: Darren Gleeson

1st Edition

1925515575, 978-1925515572

More Books

Students also viewed these Accounting questions

Question

5 The mechanics of the circular flow model.

Answered: 1 week ago

Question

1 The difference between a command system and a market system.

Answered: 1 week ago

Question

4 How the market system adjusts to change and promotes progress.

Answered: 1 week ago