CT1- Loan Schedule

Discussion in 'CT1' started by Bharti Singla, Dec 2, 2016.

  1. Bharti Singla

    Bharti Singla Senior Member

    Hii all, Please help me with this Qus. part (iii),(b):
    Here, It is asked to find the Accumulated Value of reduction in instalments but in the solution, the present value is calculated, why??

    upload_2016-12-2_16-16-28.png
     
  2. Bharti Singla

    Bharti Singla Senior Member

    Here is the solution. Please anyone explain..

    upload_2016-12-2_16-26-34.png
     
  3. John Lee

    John Lee ActEd Tutor Staff Member

    The question is unclear. Accumulated value to where? If they mean to the end of the 25 years then they have made a mistake.
     
  4. Bharti Singla

    Bharti Singla Senior Member

    okay sir. There may be a mistake.
     

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