Question
You are scheduled to receive Rs. 380,000 in two years. When you receive it, you will invest it for six years at 7.3 percent per
You are scheduled to receive Rs. 380,000 in two years. When you receive it, you will invest it for six years at 7.3 percent per year. You withdraw 50% of the maturity amount for personal use at the end of the 8th year and then invest the remaining amount at 9.3 percent for 8+1 years. How much you will have in your account in the end?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
