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Money measurement

Maths & Stats

Explain this sum, I can't solve this using this formula-P=An/(1+i) ^n

Lathika

CA Foundation

★ 6K+

30-Nov-22 13:49

213

Answers (1)

Because sis, you are using the wrong formula. This formula is for normal value. But the question says about the annuity regular payment of 5000 each. So the correct is attached here. If you use this you will get the correct answer.

Vijay K

CA Inter

★ 9K+

30-Nov-22 14:50

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