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Davido & Chioma Featured In YABATECH Exam Questions - Education (4) - Nairaland

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Re: Davido & Chioma Featured In YABATECH Exam Questions by Osyxcel(m): 3:32am On Jul 29, 2018
king1234:



you got the calculation wrong however you got the final recommendation right. The Prof set the interest rate too high and that's why you got the final answer right.(he should have set it low enough for people who calculate it the way you did to also come to a wrong conclusion)

correct calculation is (32,000,000*0.075)^7. Think compound interest.

apart from the stereotype this is a very good business 101 question for testing future and present value of money

More like #32m x (1+0.075)^7
Re: Davido & Chioma Featured In YABATECH Exam Questions by eventsms(m): 12:26pm On Jul 29, 2018
Assurance love

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