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An interest rate is 5 number of period are 3 and...

This question belongs to Commerce Financial Management
Financial Management
?

An interest rate is 5%, number of period are 3, and present value is Rs 100,and then future value will be

Answer & Solution
Correct Answer: Option A
FV = PV ( 1 + r/100 )ⁿ
= 100 ( 1 + 5/100 )³
= Rs. 115.76
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