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Consider an investment plan that requires you to invest Rs 50,000 now and followed by Rs 6926 per year end installment for 10 years each.
Consider an investment plan that requires you to invest Rs 50,000 now and followed by Rs 6926 per year end installment for 10 years each. Further the investment is expected to generate 12% annual compounding rate of return. What will be the value of your investment at the end of 10th year?
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To calculate the value of the investment at the end of the 10th year we can use the future value of ...
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
