Assume your uncle died one year ago and had left you the money in his saving account
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Question:
Assume your uncle died one year ago and had left you the money in his saving account at that date. His deposit was PKR 550,000 made 16 years ago. This savings account had paid 13% compounded annually. How much money was in the account last year?
Your friend borrows PKR 190,000 and promises to repay Rs. 350,000. If you want at least a 12% return on your loan, within how many years must he pay you back???
Note: All the answers must be in an organized manner
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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