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5. You would like to have 98 lakhs in your account 10 years from now to buy a flat in Mirpur. For achieving this target,
5. You would like to have 98 lakhs in your account 10 years from now to buy a flat in Mirpur. For achieving this target, you would like to make two separate deposits in your saving account that pays 7% annual interest rate, which compounds annually. All the deposits will be a single deposit investment. Today you make the first deposit of 25 lakh. What would be the second deposit you need to make 6 years from now so that you can have that 98 lakhs to buy that flat.
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