Find the present value of Rs 8,000 payable at the end of 3 years when the interest rate is 10 per annum Here S Rs 8,000, i 0 10 and n 3 Thus, P 8,000 (1 0 10) Rs 6,010 40 Alternatively, for i 10 and n 3, the present value factor (PV factor) for one rupee is 0 7513 Thus, P 8,000 x 0 7513 Rs 6,010 40...

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Find the present value of Rs 8,000 payable at the end of 3 years when the interest

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Find the present value of Rs 8,000 payable at the end of 3 years when the interest rate is 10% per annum.

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Quantitative Techniques In Management

ISBN: 99835

4th Edition

Authors: N D VOHRA

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Question Posted: Aug 31, 2024 05:01 AM

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Find the present value of Rs 8,000 payable at the end of 3 years when the interest

Question:

Here S Rs 8,000, i = 0.10 and n = 3. Thus, P= 8,000 (1+0.10) = Rs 6,010.40. Alternatively, for i = 10% and n = 3, the present value factor (PV factor) for one rupee is 0.7513. Thus, P = 8,000 x 0.7513 = Rs 6,010.40.

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Quantitative Techniques In Management

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