Question
An investor expects to receive Rs 572750, at the end of 20 years to keep his retirement life happy. Discuss how much money he should
An investor expects to receive Rs 572750, at the end of 20 years to keep his retirement life happy. Discuss how much money he should invest in lump sum to meet his expectation at the given prevailing interest rate of 10% per annum. Discuss the concept of time value of money you applied here.
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
