Question
Charles has been approached by a pension company where he will have to contribute a monthly sum so that after 20 years when he will
Charles has been approached by a pension company where he will have to contribute a monthly sum so that after 20 years when he will retire, he will have at his disposal a sum of Rs1,800,000. The Annualised Percentage Rate has been estimated to be 7.2%.
What should be his monthly contribution?
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
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