Question #275086

The present value of obligation of rs.7000 due in small n year at rate if discount of 7% cover table continuasly is rs.5290.46 find the value of n


Expert's answer

The given problem can be solved using NPER function in excel.

NPER function computes no. of years/ periods for the given interest rate (RATE), savings/ withdrawal per period (PMT), present worth (PV) and Future value (FV).

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