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The premium of an insurance policy is Rs 700 per quarter payable at the beginning of each quarter. If the policy holder wishes to pay
The premium of an insurance policy is Rs 700 per quarter payable at the beginning of each quarter. If the policy holder wishes to pay one year premium in advance, how much should be provided that the interest rate is 10% compounded quarterly?
A retired person deposits a sum of Rs 2,00,000 in an account that pays 12% interest per annum. How much can he get annually for a period of 20 years?
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