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Asma has just turned 65 and she has deposited her annual payment of Rs-20,000 into her retirement account. She made her first such saving deposit
Asma has just turned 65 and she has deposited her annual payment of Rs-20,000 into her retirement account. She made her first such saving deposit into this fund on her 35th birthday. Asma has also retired and wants to figure out how much money she has in her retirement account for her retired life. You are Asma's friend who knows finance. How much is Asma's savings worth today given that the fund has earned an annual return of 5.5%?
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