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Finance PROBLEM 16: Mr. Chandra sekhar is going to retire shortly and he wants to maintain his present standard of living he should get a

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PROBLEM 16: Mr. Chandra sekhar is going to retire shortly and he wants to maintain his present standard of living he should get a regular income of Rs.60, 000 p.a. How much he has to invest now so as to earn interest perpetually. Investors expected rate of return is 12%. Note: inflation is growing at the rate of 10%

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