Raja aged 40 wishes his wife Rani to have Rs 40 lakhs at his death If his expectation - Maths - Inverse Trigonometric Functions

Question

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

Abhra Chakraborty · Accepted Answer

Dear student, Here is the solution

Regards

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

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