calculation of cash price
This query is : Resolved
16 April 2011
dear sir how i can manual calculate the present value of annuity.
purchase price =60000
no. of year=3 years
int_rate=5%
cash price= ?
please give formula.
answer=54465/-
purchase price =60000
no. of year=3 years
int_rate=5%
cash price= ?
please give formula.
answer=54465/-
22 April 2011
take calculator in hand
put 1 divided by 1.05
press = on calculator ( this amount will be your annuity factor for 1st year)
press = on calculator ( this amount will be your annuity factor annuity factor for next year)
press = on calculator ( this amount will be your annuity factor annuity factor for next year)
put 1 divided by 1.05
press = on calculator ( this amount will be your annuity factor for 1st year)
press = on calculator ( this amount will be your annuity factor annuity factor for next year)
press = on calculator ( this amount will be your annuity factor annuity factor for next year)
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