Answer in Financial Math for Himanshu Mishra #275086
The present value of obligation of rs.7000 due in small n year at rate if discount of 7% cover table continuasly is rs.5290.46 find the value of n
The given problem can be solved using NPER function in excel.
NPER function computes no. of years/ periods for the given interest rate (RATE), savings/ withdrawal per period (PMT), present worth (PV) and Future value (FV).