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You are planning a vacation abroad with your parents in 2 0 2 8 . The estimated cost of the vacation is INR 4 5

You are planning a vacation abroad with your parents in 2028. The estimated cost of the vacation is INR 450,000. If banks are offering 11% on deposits, what is the amount you must invest every year for 5 years to accumulate the cost of the vacation? If you decide to invest a single amount today for 5 years, what should be that amount that will pay you INR 450,000 in 2028?

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