Please give detailed solution. Answer is mostly C. Not sure of it.
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You pull the cf for the 4 yrs at 8%
calci stroke : 4 N, 8i/y, 20000pmt, cpt Pv = 66242
now pull this by 8% for 10 yrs
ans B =30683
Why 10 it should be 9 ? Right ! After pulling for 4 year we are at 3rd Year
Why 10 it should be 9 ? Right ! After pulling for 4 year we are at 3rd Year
Corrections! You pull the Cf of 4 yrs in the BGN mode.
As the cf are to be used in the beginning of the year.
Then you pull it for 10 yrs the ans is c.
or you do it in end mode and pull it for 9 yrs.