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Mr. Ralph asks the Bank of India to lend him Rs. 100 today for setting up his business. He says he will not be able
Mr. Ralph asks the Bank of India to lend him Rs. 100 today for setting up his business. He says he will not be able to pay anything at the end of the first year & can only pay money at the end of 2nd year.
Tenor
Borrowing/Lending Rates
1 yr
12%
2 yr
15%
What combination of products would enable Mr. Ralph to ascertain the amount that should be repaid at the end of 2 years?
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