Hi Friends,
I have x gross amount a = 1739598, Rate of interest R = 5%, and day difference d = 1. Future cash flow f = 176100
now npv = f/(1+r)^(d/360) i.e. 176100/(1+0.05)^(1/360) = 176076.135095
PA = a - npv i.e. 1739598 - 176076.135095 = 1563521.8649 round off value 1563522
rate CR =...