3. Mr K has just retired and received a sum of Rs 3 lakhs as retirement benefits....
Question:
3. Mr K has just retired and received a sum of Rs 3 lakhs as retirement benefits. He wants to invest so that the amount may be repaid to him in 10 equal annual instalments. An insurance company offers an annuity at 8% interest rate. Determine the amount of annuity receivable by K if he invests with the insurance company.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
7+ Reviews
15+ Question Solved
Related Book For 
Question Posted:
