Your father has promised to give you Rs 100000 in cash on your 25 th birthday. Today
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Question:
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?
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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