Re: Daily question

Posted by Khushboo on Feb 25, 2009; 1:17pm
URL: http://discussion-forum.276.s1.nabble.com/Daily-question-tp2328964p2383641.html

1- Present value when interest rate is 4% =
    2000 + 1800/(1.04) + 1600/sq(1.04) + 1400/cube(1.04) + ............. + 200/(1.04)power9

    = Rs 9824.05

     Present value when interest rate is 5% =
    2000 + 1800/(1.05) + 1600/sq(1.05) + 1400/cube(1.05) + ............. + 200/(1.05)power9

    = Rs 9569.15