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If an investment firm awards interest of 12 percent per year compounded monthly, what amount must be deposited today in order to accumulate Rs. 1

If an investment firm awards interest of 12 percent per year compounded monthly, what amount must be deposited today in order to accumulate Rs. 1 million after 9 years? How much interest will be earned? Also calculate the amount if investment is done quarterly? And bi-monthly?

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