Suppose someone offer you the following financial contract. If you deposit Rs 2 0 , 0 0

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Question:

Suppose someone offer you the following financial contract. If you deposit Rs

20, 000

with him he promises to pay Rs

4000

annually for

10

years. What interest rate would you earn on this deposit?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 10, 2024 03:41 AM

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Suppose someone offer you the following financial contract. If you deposit Rs 2 0 , 0 0

Question:

Expert Answer:

To calculate the interest rate you would earn on this deposit you can u... View the full answer

Income Tax Fundamentals 2013

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