Re: Daily question

Posted by Amit Goyal on Feb 22, 2009; 2:33am
URL: http://discussion-forum.276.s1.nabble.com/Daily-question-tp2328964p2366086.html

21 Feb, 2009

A mine owner derives an income of Rs. 2000 this year and his income falls by Rs. 200 in each following year until no income results. Find the present value of the income stream when the interest is added yearly at
a) 4% p.a.
b) 5% p.a.