Question

A person has set up a sinking fund in order to have Rs 50,000 in 10 years for his son's higher education . What amount he has to set aside at the end of every month into the fund paying 6% per annum compounded monthly?


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Answer 1

Step-by-step explanation:

i think the answer is to put 6%at every month aside will bo from 50000 is 3000