You plan to purchase a house after 4 years which is expected to cost rs. 22.5M at
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Question:
You plan to purchase a house after 4 years which is expected to cost rs. 22.5M at that time. For that you save an amount today for 8M at a rate of 14% p.a. If the anticipated inflation rate expected on your investment is 5%per annum, would you be able to purchase at its expected price after 4 years?
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
Posted Date: