Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% r
Posted: Thu Nov 10, 2022 6:44 am
Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% returns per annum, compounded annually, what amount he should save every year to reach his target?
A. Rs. 11,254.24
B. Rs. 15,432.12
C. Rs. 10,359.14
D. Rs. 9,845.47
A. Rs. 11,254.24
B. Rs. 15,432.12
C. Rs. 10,359.14
D. Rs. 9,845.47