Srivaishnavi (student) (49 Points)
29 April 2012
Frnds in time value of money if they ask to find the amount that is compounded daily for 10% for 2 yrs then how it is possible for us to calculate A=
P(1+i)^365
Devadas K S
(One life one Dream)
(3525 Points)
Replied 29 April 2012
P = principal amount(initial amount)
it will be given in the question....
just apply it in formula......
Srivaishnavi
(student)
(49 Points)
Replied 29 April 2012
I'm asking abt the easy way to find solution for this type, atually here n-2*365=730; i=(10/2*365)0.00027; P=2000 and A=2000*(1+0.00027)^730
CAclubindia
