Hello SIr/ Mam
YOUR REQUIRED ANSWER IS PV = AED 298,092.72
Given that:
Wished FV = AED 500,000
Time = 4 years
Interest Rate = 13% p.a.
Using excel function, "=PV(13%/12,4*12,0,-500000,0)", we get PV = AED 298,092.72
I hope this solves your doubt.
Feel free to comment if you still have any query or need something else. I'll help asap.
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