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Mr.Ganpati will retire from service 5 years from now. What amount should he deposit now to earn an annual income of rupees 2,40,000 forever beginning

Mr.Ganpati will retire from service 5 years from now. What amount should he deposit now to earn an annual income of rupees 2,40,000 forever beginning from the end of 6 years from now? The deposit earns interest of 12% per year.

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