MY ANS IS 2881
1st using bgn mode i found pv at t=18 ie 74464.96 then by end mode 74464.96 fv , 17 n,5 i/y then pmt = 2881 but in solution the ans is 2744.50 they use end mode for both part can anyone can get same ans by my method 1st bgn then end mode ?
End mode it says it starts at the beg of year 19 so we can consider it as end of year 18.
20000 pmt
4 n.
5 i/y
Cpt pv 70919.01008 sto 1 ans of end 17
Fv RCL 1
17 n
5 i/y
Cpt pmt 2744.50482
20000 pmt
4 n
5 i/y
Cpt pv 74464.96059 sto 1 ans on beg 19
Fv RCL 1
17 n
5 i/y
Cpt pmt 2744.50482
the 1st part of bgn was r8 but then 2nd part i solve by end mode .
can you find the ans by end mode the 2nd part of ans
I have given both the answer in end mode and also beg mode
I think rohan u need to reach out to sir no one can able to explain this sum
2881.7300/1.05 you will get the answer you are getting the after so just divide it
can u able to explain it why we cannot solve it in two parts the same rohan asked. or what indicates in the ques that u have solved in two modes.
ya