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YOUR CLIENT IS 25 YEARS OLD WHO SAVES RS 250000 END OF EVERY YEAR INTO AN INVESTMENT SCHEME WHICH PAYS 11.5% P.A . SHE HAS
YOUR CLIENT IS 25 YEARS OLD WHO SAVES RS 250000 END OF EVERY YEAR INTO AN INVESTMENT SCHEME WHICH PAYS 11.5% P.A . SHE HAS DECIDED TO SAVE FOR 15 YEARS AND POST THAT SHE WISHES TO USE PART OF THE CORPUS TO FINANCE HER TRIP WHICH WOULD COST RS 7.5 LAKHS IN TODAYS TERMS AND PARTLY TO FINANCE HER HOUSE . INFLATION IS 5% THROUGHOUT THE PERIOD . ESTIMATE THE AMOUNT WHICH CAN BE USED TO FINANCE THE PURCHASE OF A HOUSE AFTER 15 YEARS
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