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SMU-MBA 2nd Semester
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Saperator
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5/14/2012 8:04:00 PM
SHANKAR N

icon MB0045
  Hi freinds,

Kindly provide me answer......

An employee of a bank deposits Rs. 30000 into his PF A/c at the end of each year for 20 years. What is the amount he will accumulate in his PF at the end of 20 years, if the rate of interest given by PF authorities is 9%

 
6/14/2012 8:52:23 AM
Anoop Jose

icon Re: MB0045
  This can be solved using the expression amount*FVIFA(i, n) where “i” is interest rate and n is the number of years
Future Value Interest Factor for Annuity (FVIFA) can be calculated using the expression {(1+i)n ­1}/i

There for above calculation can be solved like:
30000*FVIFA (9%, 20Y) = 30000*51.160 = Rs. 1534800

 
8/28/2012 3:34:35 PM
Nikhil Nikhil

icon Re: MB0045
  Hi Friends,

I am a student of SMU MBA and i found solved assingments of MBA at below links. we can find answers to most of the question on this website www.WingsDesire.com. Below is the link for solved assignments.

http://www.wingsdesire.com/SMU/Solved/mb0038_1.asp



Thanks
Nikhil

 
 
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