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Question

Suppose you wanted to save Rs.500,000 before you retire in 10 years.

You can earn 4% interest in an annuity product but you want to know given that interest rate how much money you need to put aside monthly to reach your savings goal. 7. How much you save every month to get a maturity amount of Rs. 5 lakh at the end of 5 years at 7% per annum. 


Need help in the answer using Financial functions in excel

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Subject: Business, Finance

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