LU.
5. Mr. Z wants 500,000 at the end of 5 years. How much should he invest per year to get the re
amount, if the interest rate is 9% p.a. compounded annually?
6. Z Ltd. wants to invest 2,00,000 against expected return of $60,000; 180,000; 1,50,000 and
Answers
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Answer:
2,98,133.663439608
Step-by-step explanation:
500,000/(109/100)^5
= 2,98,133.663439608
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