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Your father has promised to give you Rs 100000 in cash on your 25 th birthday. Today is your 16 th birthday. He wants to

Your father has promised to give you Rs 100000 in cash on your 25 th birthday. Today is your 16 th birthday. He wants to know two things:

If he decides to make annual payments into a fund after one year.

How much willeach have to be if the fund pays 8 percent?

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