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  • Basics of Financial Management Assignment

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    Abhijeet Bose
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    A fixed deposit of Rs. 350000 was made with an annual return of 8.4%. To calculate the maturity amount, the quarterly return was calculated as 2.1% and the time period was calculated as 4.67 years. Using the formula for future value, the maturity amount was calculated as Rs. 385678.

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    A fixed deposit of Rs. 350000 was made with an annual return of 8.4%. To calculate the maturity amount, the quarterly return was calculated as 2.1% and the time period was calculated as 4.67 years. Using the formula for future value, the maturity amount was calculated as Rs. 385678.

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    19 views2 pages

    Basics of Financial Management Assignment

    Uploaded by

    Abhijeet Bose
    A fixed deposit of Rs. 350000 was made with an annual return of 8.4%. To calculate the maturity amount, the quarterly return was calculated as 2.1% and the time period was calculated as 4.67 years. Using the formula for future value, the maturity amount was calculated as Rs. 385678.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Fixed Deposit Sum

    Basics of Financial Management Assignment

    Fixed Deposit Sum

    Amount =350000
    ROI = 8.4%
    Maturity amount= 385678
    Solution:- 8.4/4=2.1% Quarterly
    14/12*4= 4.67
    FV=PV(1+r)^n
    =350000(1+0.021)^4.67
    =385673.

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