Please explain the steps to this discounting process:
Present value of Rs1000 due in 10 years, discounted at 11%, compounded half yearly?
(Ans is 343)
How?
Please explain the steps to this discounting process:
Present value of Rs1000 due in 10 years, discounted at 11%, compounded half yearly?
(Ans is 343)
How?
No. of years = 10*2=20
intt rate=11/2= 5.5%
now the 1 re. value will be discounted at 5.5% for 20 years that will give rs. 0.3247
hence according to the formula
future value =present value(1+r/100)T
1000*1/(1.055) = present value
therefore present value = 1000 * 0.3427
=343 Rs ans
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)