33. Mr. Y has decided to purchase a car costing `8,25,500 after 3 years. He wants to...

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33. Mr. Y has decided to purchase a car costing `8,25,500 after 3 years. He wants to save an amount and deposit that in a financial institution yearly, to accumulate the said amount after 3 years. The financial institution pays an interest on the deposit at the rate of 8.5% p.a. How much Mr. Y would save and deposit yearly, so that along with interest earned, it accumulates the required amount after 3 years?

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Financial Management

ISBN: 9789352605606

1st Edition

Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana

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