Hi frnds..,
I hav a doubt in d calculation of time value of money..compound interest..
If P= Rs.1, 00,000, N=1 yr, K=365 days i.e, compounded daily, i=6% den,
Amount = 1, 00,000(1+6%/365)365 …,can u tel me how to calculate anything to d power of 365..?? the ans is
1, 06,013…pls help
CAclubindia
