We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
kindly guideme
pharmatec
Posts: 1 Newbie
[FONT="]If I want to receive Rs.18000 after each six-months for 8 years after your retirement, how much money do you have to save in a bank, which pays at the rate of 6 %, compounded six-monthly?
this is my assignment question.... can anyone help me with proper calculations....?
[/FONT]
this is my assignment question.... can anyone help me with proper calculations....?
[/FONT]
0
Comments
-
You would need a lump sum of Rs.300,000 to receive Rs.18,000 in interest at 6%.
18,000 / 0.06 = 300,000.Had £80,000 in Savings - All GONE!!! BYE BYE:A Single, 27, Aspie, Gooner :A0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards