Mr. G wants to buy plot of land in Kolkata costing `65,00,000. The payment has to be
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● Mr. G wants to buy plot of land in Kolkata costing `65,00,000. The payment has to be made 15 years from now. With this plan, he wants to save fixed amount annually in the form of bank deposit. The bank pays interest at the rate of 14% p.a. How much Mr. G should save per year if the amount of deposit with interest would be sufficient to buy the plot of land after 15 years?
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Related Book For 
Financial Management
ISBN: 9789352605606
1st Edition
Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana
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