Assume that your father is now 55 years old and plans to retire after 5 years from now.
He is expected to live for another 15 years after retirement. He wants a fixed retirement
income of Rs. 1,00,000 per annum. His retirpement income will begin the day he retires,
5 years from today, and then he will get 14 additional payments annually. He expects to
earn a return on his savings @ 10% p.a., annually compounding. How much (to the
nearest of rupee) must your father save today to meet his retirement goal?
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Photosynthesis, the process by which green plants and certain other organisms transform light energy into chemical energy. During photosynthesis in green plants, light energy is captured and used to convert water, carbon dioxide, and minerals into oxygen and energy-rich organic compounds.
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