The amount to be deposited monthly in order to meet the goal. Introduction: Financial planning is a process of bridging the gap between the life goals and the finance required to achieve them, through the proper management of cash in hand and cash at bank. It involves developing strategies used to help individuals in achieving their future goals by means of effective investment planning.

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Chapter D, Problem 1PPT

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To determine: The amount to be deposited monthly in order to meet the goal.

Introduction: Financial planning is a process of bridging the gap between the life goals and the finance required to achieve them, through the proper management of cash in hand and cash at bank. It involves developing strategies used to help individuals in achieving their future goals by means of effective investment planning.

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