a) You decide to work for next 20 years before an early-retirement. For your post-
retirement days, you plan to make a monthly deposit of Rs. 1,000 into a
retirement account that pays 12% p.a. compounded monthly. You will make the
first deposit one month from today. What will be your account balance at the end
of 20 years?(5 marks)
1 in the present yalue of an annuity of $2,000 per year, with the first cash
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