present value of money is Rs.950000/-
every month il pay 100000/_ for 1 year..
then wat is d discounting factor?????????
and hw 2 calculate?????
plz help me its vry urgent..
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Discounting factor for first month is 0.963
xplain me how 2 calculate???????
First calculate the Discounting rate then divide it by 12 and then find out the discounting factor
DF - 1st month = 1/(1+r/100)
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