Re: ::: vuaskari.com ::: MGT411

@ Asghar Hussain Butt

Dekho yaar, 15,00,000/- tou woh amount hai jo usay Hissa mila hai apnay ghar waaloon sey -

SEE THIS=====(he is planning to purchase his own house for avoiding monthly rental expense. For this purpose he is expecting to sell share in his native house for Rs. 1,500,000/- which is not a sufficient amount to buy house in a big city.)

NOW THIS=====((((After considering various areas in Faisalabad city, he chose Model Town for his desired future residency. Based on the house prices data in that area, he learned that an average two bed room house currently costs Rs.2,400,000/-))))

Jaisay Mehwish Ishaq ney kiya hai woh Theek hai........

On Fri, Oct 28, 2011 at 3:44 PM, mc100200786 Asghar Hussain Butt <mc100200786@vu.edu.pk> wrote:

Q#4: If Mr. Naeem decides to deposit in less risky certificate of deposits earning only 5% p.a. then how much funds he has to deposit in his bank to be able to purchase the house after 8 years.

FV                   = PV(1+i)ⁿ

FV                   = 1500000(1 + 0.05)8

FV                   = 2216183

But the house value after 8 years is 3284566

So the more funds he has to deposite would be =      3284566-2216183 = 1068383

mehvish ye aisay ni ho skta kia

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