As a business student, you have a desire your own business .in regards you have made plan with two friends to start it business. The business will require an initial capital 3000000 taka which three of you will contribute equally and you have plan to start the business after 5 years from now. Following the plan as you you have to invest 1000000 in the business after 5 years, you have identified the following schemes:

1. You can open a saving schemes at at prime bank for next 5 years in which you will deposit an amount at the end of every month out of your income. if bank interest rate is 6 % how much you need to deposit every month?
2. Mutual trust bank has offered you to open a fixed deposit will provide you taka 1000000 at the end of 5 years from now. If interest rate is MTB on fixed deposit is 5% what is the single amount you should deposit right now?