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investment appraisal

This topic has 3 replies, 2 voices, and was last updated 11 years ago by John Moffat.

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February 17, 2014 at 5:38 pm #159134
maan87
Member
- Topics: 119
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Hi Respected john sir, plz help me in the following question. i could’t get it at all. The answer is given $ 74116.
$1000 is invested at $105 per annum and the interest is re-invested each year. what is the value of the investment after three years.
i could only understand that question is about to findout future value
February 17, 2014 at 5:47 pm #159135
John Moffat
Keymaster
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I don’t think you have typed the question properly.
You have written ‘$1000 is invested at $105 per annum’, but that does not make any sense.
February 19, 2014 at 4:15 pm #159440
maan87
Member
- Topics: 119
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Hi john sir,
question was typed correctly. i think question is not correct on the book. Thnk u so much for your kind reply
February 19, 2014 at 4:54 pm #159444
John Moffat
Keymaster
- Topics: 57
- Replies: 54655
In that case, the question is certainly not correct in the book.
I have tried to think what the typing error could have been, but I still cannot find a way of getting to their answer.
Sorry 🙁
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