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A financial planner visits your office and offers you an interesting investment scheme where you have to deposit 5 , 0 0 , 0 0

A financial planner visits your office and offers you an interesting investment scheme where you have to deposit 5,00,000 today and you will get 80,000 every year after your retirement till lifetime. The first payment will be made at the end of the 65th year of your life. Now, your age is 45. Will you accept the offer if your required rate of return is 15%? Show the calculation with your answer.

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