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If you invest Rs. 58,032.65 every year for 35 years at a return of 8%, what will be the future value of the
accumulated amount?
What is the present value of the investments that you would be making into your retirement
account?
Suppose you make a onetime investment of Rs.676,345.43, which is the value that we got as the present
value of all the investments that you would be making over the 35 years and let it earn a return of 8% per annum for
35 years, what would be the future value of this investment.
35
ue of the
e present
n of 8% per annum for
WEEK 2 : PLANNING FOR RETIREMENT UNGRADED QUESTION 1
month.
osit which pays 8% per annum, with monthly compounding.
years? (HINT:USE EXCEL)
Donald Clinton is planning his retirement. He is 55 years old today. He would like to have Rs. 800,000 by the time he is 70. H
constant sum of money over the 15 year period in a bank account at the rate of 12% per annum.How much should Mr. Clint
each year for the next 15 years to obtain Rs. 800,000 when he turns 70? (HINT:USE EXCEL)
15
Mr. Akram wants Rs. 500,000 at the end of 8 years from now. Find the amount to be deposited at the end of each year, in a
interest compounded annually. (Choose option closest to your calculation. HINT: USE EXCEL)
8
You are considering an investment of $ 1500 annually. The first payment is made now and the last payment is made at
The annual return on this investment is 3%. What is the future value at the end of year 4 of this investment?(HINT: It will be u
2250
year 1 2317.5
year 2 2387.025
year 3 4708.636
year 4 4849.895
yment is made now and the last payment is made at the end of year 3.
e end of year 4 of this investment?(HINT: It will be useful to draw a timeline.)