15 00 000 = 9000 * [(1+.19)^10*2-1/.19]
so the accumulated factor is 165.4180
1488762 = 9000 * 165.4180
asad bhai kindly tell once more....for the last time.the complete solution i mean the formulae to be used
On Wed, Apr 28, 2010 at 5:13 PM, mc090402550 Asad Munir <mc090402550@vu.edu.pk> wrote:
--ooooooooooooooopssssssbhai me kal se explain ker ker ke khajal ho gia hon or ap ne phir se.....................On Wed, Apr 28, 2010 at 4:07 PM, mc090401414 Usman Tariq <mc090401414@vu.edu.pk> wrote:
Asad,Really thanks for your ongoing efforts. Lekin yar let us know the highlighted part as well (the assumption part)Your father is 50 years old now and his plan is to retire exactly at the age of 60. His goal is to create a fund that will allow him to receive Rs15,00,000 at the time of retirement so that he can start a small business. He has searched the market and is confused between the two options:
- Option 1: To deposit Rs.9,000 after every 6 months in banks A
- Option 2: To deposit Rs.2,000 after every 4 months in banks B
Both banks assume payments at the end of respective months. As a business graduate, you have been asked to help him out as:
What interest rate assumption has the Bank A used in its offer?
What interest rate assumption has the Bank B used in its offer?
Which option is favorable?
Usman
=================================================================================
On 4/27/10, mc090402550 Asad Munir <mc090402550@vu.edu.pk> wrote:--Your father is 50 years old now and his plan is to retire exactly at the age of 60. His goal is to create a fund that will allow him to receive Rs15,00,000 at the time of retirement so that he can start a small business. He has searched the market and is confused between the two options:
- Option 1: To deposit Rs.9,000 after every 6 months in banks A
- Option 2: To deposit Rs.2,000 after every 4 months in banks B
Both banks assume payments at the end of respective months. As a business graduate, you have been asked to help him out as:
What interest rate assumption has the Bank A used in its offer?
What interest rate assumption has the Bank B used in its offer?
Which option is favorable?
Dear fellows here is the formula but i m not 100% sure. i hv solved this question in excel. and the answer is:1,500,000 = 9000 [(1+i/2)^10*2-1] 19%1,500,000 = 2000 [(1+i/3)^10*3-1] 18%According to this formulas option B is Favourable cose we have to pay less amount and get the same result.
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