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You are planning to buy a tour package once you complete your PGDM course in two years. A known travel offers you a package for
You are planning to buy a tour package once you complete your PGDM course in two years. A known travel offers you a package for important southern tourist destination. The package deal requires that you pay Rs 5,000 today, Rs 15,000 one year from today, and a final payment of Rs 25,000 on the day you leave two years from today. What is the cost of this vacation in today`s Rupee if the discount rate is 6%?
a) Rs 39,057.41
b) Rs 41,400.85
c) Rs 43,082.39
d) Rs 44,414.14
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