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3.4 04 Suppose your uncle is retired from his job recently and received gratuity 08 amounting Rs 800,000. He is planning to invest these amounts
3.4 04 Suppose your uncle is retired from his job recently and received gratuity 08 amounting Rs 800,000. He is planning to invest these amounts in bank for five years to get future returns with bank interest rate of 5.5%. Using your knowledge of time value of money, you are required to suggest him the best option available which will give him highest retums in future under following assumptions. a) If he deposits lump sum amount in bank for 5 years. b) If he deposits equal installments of amount for five years. c) If he deposits variable amounts each year for 5 years
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