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Contributor
5 Answers
- Posted on Jan 13, 2011
Re: Batteries will no longer recharge.
Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?
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