Question: solve Question 2 step by step withdrawal is 85 lac 25 thousand Question 02 [ Mr. Kamran had some savings that he placed in a
solve Question 2 step by step withdrawal is 85 lac 25 thousand

Question 02 [ Mr. Kamran had some savings that he placed in a bank account ten years ago. He earned an amount of $2, 968,000 from an initial investment. The investment plan he chose was such that it earned an interest of 6.5% for the first three years, 4.5% for the next two years, 7.4% for the next four years and 8% for last/tenth year. He also made a withdrawal of Rs. 85,25,000 at year 5. Draw the cash flow for this scenario and evaluate the initial investment that Mr. Kamran had made
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
