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?

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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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
64004.227
None of the above
63814.078

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