Homework Help: financial management

Posted by anita on Wednesday, January 9, 2013 at 1:58am.

Ashok is to receive an amount of Rs. 15,00,000 from his relative after 3 years. He wants to buy a house for which he wants the money to be paid now. His relative had already invested the money at the rate of 9.25%. Calculate how much money Ashok will get now?

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