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1. How much should be invested on Quarterly-basis for next 30 years to create a corpus (pension fund) so that the investor gets annual Pension

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1. How much should be invested on Quarterly-basis for next 30 years to create a corpus (pension fund) so that the investor gets annual Pension of Rs. 10 Lakhs, every year, for next 25 years. The investments while creating the pension fund is expected to generate a return of 12%. The pension corpus is expicted to generate a return of 7%. (10 Marks) 2. A money lender gives a loan to a farmer on a weekly-basis. The interest that he charges is 1.60% per week. Calculate EAR. (05 Marks)

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