Question: Question: Calculate Present Value (PV) and Future Value (FV) for given scenarios? a) Mr. Afzal invests Rs.5,000 for five years with an interest rate of
Question: Calculate Present Value (PV) and Future Value (FV) for given scenarios?
a) Mr. Afzal invests Rs.5,000 for five years with an interest rate of 15%. Marks 5
(b) Mr. Babar invests Rs.1,000 for five years with an interest rate of 10%. This time, it's compounded annually. What will be the future value?
(c) Mr. Rashid promises youRs.900 in 3 years, what is the Present Value?
(d) You are promised Rs.800 in 15 years' time. What is its Present Value at an interest rate of 16%?
(e)If youdepositRs.4000 into an accountpaying15% annual interest compoundedquarterly, how much money will bein theaccount after5years?
(f)If youdeposit Rs.6500 into an accountpaying18% annual interest compoundedmonthly, how much money will bein theaccount after15years?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
