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Mr. Hakim retires from his job and receives a lump sum amount from his employer. He wants to receive Tk. 100,000 at the end of
Mr. Hakim retires from his job and receives a lump sum amount from his employer. He wants to receive Tk. 100,000 at the end of each year for the next 10 years. If the interest rate is 5% then how much he has to deposit for receiving such series of cash inflows.
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