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The monthly pay 68165, every month at 7 %annual rate. 20 years ,How can they got 35491725.06???? I use Pv=c/r (1-1/[(1+r)^t just got 8842513.05. EMI-
The monthly pay 68165, every month at 7 %annual rate. 20 years ,How can they got 35491725.06????
I use Pv=c/r (1-1/[(1+r)^t just got 8842513.05.
EMI- Rent=98165- 30000= 68165. This amount can be invested in annuity every month at 7% 35,491,725.06 annual rate. 237679936.22 68165 20 mi red ya Total After calculating all 37679936.22. expenses for the 20 year period, we got the total expenses for rent asStep by Step Solution
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