If rs 1000 is paid in the form of ordinary annuity for 5, Financial Management

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If rs 1000 is paid in the form of ordinary annuity for 5

1. How much would you need to invest at age 22 to accumulate Rs 1,200,000 at age 65, assuming you earn a 3% investment return?

2. If Rs 1000 is paid in the form of ordinary annuity for 5 years then what will be future value of all these cash payments?

3. Kashif began setting aside Rs-6,000 per year in a mutual fund at the age of 25. He has turned 34, and has just made a deposit. The mutual fund has returned 6.5% annually. How much does Kashif have in his account today?

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Financial Management: If rs 1000 is paid in the form of ordinary annuity for 5

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