Time Value of Money

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Question : 76 of 99
 
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At six months' intervals A deposited of Rs. 1000 in a savings account which credit interest at 10% p.a., compounded semi-annually. The first deposit was made when A's son was 6 months old and last deposit was made when his son was 8 years old. The money remained in the account and was presented to the son on his 10th birthday. How much did he receive? (1.05)16=2.1829)
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