g) A person is just 30 years old. He plans to invest an equal sum of Rs. 20,000 every year for the next 30 years from the end of next year. The bank gives 10 % interest compounded annually. Find the maturity value of his account when he is 60 years ald

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Subject: Engineering Economics Please write handwritten Answer And Explain Briefly Please don't use ChatGPT
g)
A person is just 30 years old. He plans to invest an equal sum of Rs. 20,000 every
year for the next 30 years from the end of next year. The bank gives 10 % interest
compounded annually. Find the maturity value of his account when he is 60 years
ald
Transcribed Image Text:g) A person is just 30 years old. He plans to invest an equal sum of Rs. 20,000 every year for the next 30 years from the end of next year. The bank gives 10 % interest compounded annually. Find the maturity value of his account when he is 60 years ald
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