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I need correct answer You want to withdraw Rs 20,000 at the end of eleventh year from now and increase the annual withdrawal by Rs
I need correct answer
You want to withdraw Rs 20,000 at the end of eleventh year from now and increase the annual withdrawal by Rs 4,000 each year thereafter till end of year 25. If interest rate is 6 % compounded annually, you need to invest for the first 10 years, an equal amount of Rupees (a) 32,200 (b) 26,800 (c) 48,750 (d) 28,390
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