Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is compounded semi-annually, what will be the value of the certificate when it matures by above given two equations? 81444.731 63814.078 64004.227 ONone of the above

Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is compounded semi-annually, what will be the value of the certificate when it matures by above given two equations? 81444.731 63814.078 64004.227 ONone of the above

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 2E: Future Value Hugh Colson deposited 20,000 in a special savings account that provides for interest at...

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Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is compounded semi-annually, what will be the value of the certificate when it
matures by above given two equations?
81444.731
63814.078
64004.227
ONone of the above

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