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Time value of money


Sudhanshu (Assistant Manager at Union Bank of India)     25 May 2020

Sudhanshu
Assistant Manager at Union Bank of India 
 1 likes  36 points

| My Other Post

Neha would retire 30 years from today and she would need ₹ 6,00,000 per year after her retirement, with the first retirement funds withdrawn one year from the day she retires. Assume a return of 7% per annum on her retirement funds and if her planning is for 25 years after retirement, Calculate:
a. How much lumpsum she should deposit in her account today so that she has enough funds for retirement?

b. How much she should deposit each year so that she has enough funds for retirement?

avater

Asha Kanta Sharma (Manager - Finance & Accounts)     29 May 2020

Asha Kanta Sharma
Manager - Finance & Accounts 
 105 likes  5137 points

View Profile | My Other Post

https://www.moneycontrol.com/personal-finance/tools/retirement-planning-calculator.H T M L?classic=true


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