Answered: Q2. A man invested Rs10,000 at the end…

Q2. A man invested Rs10,000 at the end of each month in a fund which pays 8% compounded semi annually . How much does he have just after the tenth deposits.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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Q2. A man invested Rs10,000 at the end of each month in a fund which pays 8%
compounded semi annually . How much does he have just after the tenth deposits.

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