september 2005

Discussion in 'CT1' started by Neetu Verma, Apr 18, 2008.

  1. Neetu Verma

    Neetu Verma Member

    september 2005 ,Question no.10(i)
    Anyone tell me ,in this solution ,why do not use tax ?
     
    Neetu Verma, Apr 18, 2008
    #1
  2. theactuary2010

    theactuary2010 Member

    if you read carefully,the interest rate used is a gross rate.as such,be consistant with gross values.Hence,the equation of value used is a gross one and not a net one. so tax is ignored.
     
    theactuary2010, Apr 19, 2008
    #2

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