Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

For example If we invest SR 100 annually for 5 years then how to find-out Present Value of SR 100Annually. Q-5 A 40 years age

For example If we invest SR 100 annually for 5 years then how to find-out Present Value of SR 100Annually. Q-5 A 40 years age person comes to you and wants to invest certain amount regularly till the end of his retirement ( 60 years) so that he will get 2 miltion at the age of his retirement. The rate of return is 8%. Find how much money should he invest every year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

8.16 Biomass Estimates of the earth's biomass, the total amount of vegetation held by the earth's forests, are important in determining the amount of unabsorbed carbon dioxide that is expected to...

Answered: 1 week ago

Question

★★★★★

Herman Company has three products in its ending inventory . Specific per unit data for each of the products are as follows: Required: What unit values should Herman use for each of its products when...

Answered: 1 week ago

Question

★★★★★

5.7 The federal government proposes to construct a multipurpose water project. This project will provide water for irrigation and for municipal uses. In addition, there will be flood control benefits...

Answered: 1 week ago

Question

★★★★★

Please help me ASAP Below is the demand data of a retail store which sells bikes. The data represents the frequency of demand for the last 200 days. Demand for Bikes Frequency 0 10 1 20 2 40 3 60 4...

Answered: 1 week ago

Question

★★★★★

Excel caculation on cascade mental health clinic

Answered: 1 week ago

Question

★★★★★

Linear Approximation and Differentials: (1 point) Estimate Af using the Linear Approximation and use a calculator to compute both the e f(x) = 3+x. Af a = 1. Ax=1 With these calculations, we have...

Answered: 1 week ago

Question

★★★★★

A business should invest in information security to protect their sensitive data, and maintain customer trust, and also because of information security the business avoids financial losses due to...

Answered: 1 week ago

Question

★★★★★

The system shown in Fig. 2.2 consists of a rope of initial length L under tension T and subjected to a transverse force f(x) (Figure 2.2). T w(x) T L f(x) Figure 2.2 Assuming that the deflection w(x)...

Answered: 1 week ago

Question

★★★★★

Create a process flowchart for any process that you complete either at work or in your personal life explaining your flowchart and your thinking. Any issues you found? Areas for change? Also, include...

Answered: 1 week ago

Previous Question Next Question