Assume that your father is now 50 years old and plans to retire after 10 years from now. He is expected to live for another 25 years after retirement. He wants a fixed retirement income of Rs. 5,00,000 per annum. His retirement income will begin the day he retires, 10 years from today, and then he will get 24 additional payments annually. Your father has current savings of Rs. 10,00,000 and 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 during each of next 10 years to meet his retirement goal?
AID18812 Assume that your father is now 50 years old and plans to retire after 10 years from now.
AID10002: A sample of 400 students of undergraduate and 400 students of post graduate classes were taken to know their opinion about autonomous college. 290 of the undergraduate and 310 of the post graduate students favoured the autonomous status. Present these facts in the form of a table and test at 5% level, that the opinion regarding autonomous status of colleges are independent of the level of classes of students.₹ 150 Add to cart