Latest MBA Aptitude Question SOLUTION: Q) need ideas on how to approximate in situations likex((1/1.05)+(1/(1.05^2))+(1/(1.05^3)))=8000.Situation is compound interest, repaid in equal installment over 3 years, 5%c.a.X h

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Q) need ideas on how to approximate in situations likex((1/1.05)+(1/(1.05^2))+(1/(1.05^3)))=8000.Situation is compound interest, repaid in equal installment over 3 years, 5%c.a.X has pretty close values:

1) 2937.67
2) 2037.67
3) 3000
4) 2739.76

Asked In MBA (11 years ago)

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