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Given the information that follows, draw a cash budget for the XYZ Store for the first six months of 2012.
October 2011
$300,000
March 2012
$200,000
November 2011
450,000
April 2012
350,000
December 2011
400,000
May 2012
280,000
January 2012
200,000
June 2012
220,000
February 2012
250,000
July 2012
320,000
$40,000
$50,000
45,000
55,000
Determine the future value of Rs.1000 compounded continuously for 5 year on the interest rate of 12 percent per year and contrast it along with annual compounding. Solution :
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