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CASE STUDY Mr Sehwag invests Rs 2000 every year with a company, which pays interest at 10% p.a. He allows his deposit to accumulate at
CASE STUDY
Mr Sehwag invests Rs 2000 every year with a company, which pays interest at 10% p.a. He allows his deposit to accumulate at C.I. Find the amount to the credit of the person at the end of 5th year. Answer the following question.
Q1. What is the Time Value of Money concept.
Q2. What do you mean by present value of money?
Q3. What is the Future Value of money.
Q4. What the amount to be credited at the end of 5th year.
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