Forums

Back

Time value of money

Maths & Stats

How do we calculate intrest there?

Screenshot_2021-12-07-14-49-09-06_aa62635dae03976b7c680f3891b52ec5.jpg

Meda Jeevansai

Meda Jeevansai

CA Final

★ 21K+

07-Dec-21 14:51

521

Answers (2)

They asked future value in the qus

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

★ 18K+

07-Dec-21 16:18

Do you mean interest rate 6% is per annum and its compounded monthly so 6%/12 = 6/1200

Sudha Reddy

Sudha Reddy

CA Final

★ 20K+

08-Dec-21 09:26

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence