You are scheduled to receive Rs. 670,000 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 9.6 percent for 7+1 years. How much you will have in your account in the end?

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Lets break down the problem step by step You are scheduled to receive Rs 670000 in two years You wil... View the full answer