Essay On Various Interest Rates

Financial Management Solutions for Time Valus of Money Chapter 6TIME VALUE OF MONEY6.1        Value five years hence of a deposit of Rs.1,000 at various interest rates is as follows:        r        =        8%        FV5        =        1000 x FVIF (8%, 5 years)                                        =        1000 x 1.469        =        Rs.1469        r        =        10%        FV5        =        1000 x FVIF (10%, 5 years)                                        =        1000 x 1.611        =        Rs.1611        r        =        12%        FV5        =        1000 x FVIF (12%, 5 years)                                        =        1000 x 1.762        =        Rs.1762        r        =        15%        FV5        =        1000 x FVIF (15%, 5 years)                                        =        1000 x.