Question
An investor deposits ₹50,000 in an account offering 8%
compound interest annually. What will be the maturity value after 3 years?Solution
FV = P(1 + r)n = 50,000(1.08)3 = ₹63,240 approx. Time value helps in understanding the compounding effect on investment over time.
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DMA stands for
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In MS Word, the Thesaurus tool serves the purpose of:
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