AAFM CWM_LEVEL_2 Question Answer
Section B (2 Mark)
How much should one deposit today in a bank account paying interest compounded quarterly if you wish to have Rs. 10000 at the end of 3 months, if the bank pays 5% annually?
AAFM CWM_LEVEL_2 Question Answer
Section B (2 Mark)
How much should one deposit today in a bank account paying interest compounded quarterly if you wish to have Rs. 10000 at the end of 3 months, if the bank pays 5% annually?