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Find the present value of Rs 1000 due in 12 years at 6% p.a. compound interest. (Given [1.06]12 = 2.012) A man can buy a

Find the present value of Rs 1000 due in 12 years at 6% p.a. compound interest. (Given [1.06]12 = 2.012) A man can buy a flat for Rs 100,000 cash or for Rs 50,000 down and Rs 60,000 at the end of one year. If money is worth 10% per year, compounded half-yearly, which plan should he choose?

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