IFMP Mutual Fund Basic Certification (MFBC), Pakistan Practice Questions - IFMP Mutual Fund Basic Certification (MFBC), Pakistan Exam

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Using a 5% discount rate, what is the approximate present value of Rs1,000 to be received in one year (IFMP MFBC TVM illustration)?

Rs1,050 Rs952.4 Rs1,000 exactly Rs500

Correct Answer:

Rs952.4

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