Your client is 40 years old and wants to begin saving for retirement. You advise the client to put Rs. 8,000 a yearinto the stock market. You estimate that the market's return will be on average of 10% a year. Assume theinvestment will be made at the end of the year. How much money will she have by age 62?
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The answer will be 1,41,250 rupees
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