obald wishes to accumulate AED 500,000 in 4 years, how much must you deposit woday in...

Question

Question

business finance

Answer 1

Answer #1

Hello SIr/ Mam

YOUR REQUIRED ANSWER IS PV = AED 298,092.72

Given that:

Wished FV = AED 500,000

Time = 4 years

Interest Rate = 13% p.a.

Using excel function, "=PV(13%/12,4*12,0,-500000,0)", we get PV = AED 298,092.72

I hope this solves your doubt.

Feel free to comment if you still have any query or need something else. I'll help asap.

Do give a thumbs up if you find this helpful.

Answer 2

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