Raja aged 40 wishes his wife Rani to have Rs. 40 lakhs at his death. If his expectation of Life is another 30 years and he starts making equal annual investments commencing now at 3% compounded interest p.a how much should he invest annually?
A. 84448
B. 84450
C. 84449
D. 84077

Dear student,
Here is the solution.
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