Question # 1:

If you wish to have Rs.1, 000,000 on the retirement at the age of 60, what will you need to invest this year if you are 40 and you earn 8%?

Question # 2:

Rizwan invests Rs.100,000 at the end of each year for four years in an account that pay interest at 9% , compounded annually. How much money would Rizwan has in the account at the end of the four years?

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solution of MTH-302 GDB 1

Interest rate 0.09
No of payments 4.00
Accumulated Factor 4.57
Payment per period  
  100000.00
   
Accumulated Value = Payment per period * AF  
ANS AV      457,313
GDB Q-1 If you wish to have Rs.1, 000,000 on the retirement at the age of 60, what will you need to invest this year if you are 40 and you earn 8%
Interest rate 0.08
No of Payments 20
Accumulated Factor= AF 45.76
Desired Accumulated Value=AV 1,000,000
   
   
Payment per Period = AV/AF  
ANS Payment per Period 21852.21

how to count Accumulated factor AF??

Accumulation Factor (AF)      =          ((1+i)^n-1)/i

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