Skip to content

CA Foundation doubt

Moi plans to send his son for higher studies abroad after 10 years. He expects the cost of these studies to be Rs. 100000. How much should he save at the beginning of each year to have a sum of Rs. 10

Asked by Sanjana6 Jun 2024373 views

1 answer

  1. Yamini · 6 Jun 2024

    Future value is given Annuity=? So, f factor will be used P(1+i)^n -1/i/fv = 5698.416

Free app · 5 lakh+ learners

Ask your doubt in the Studycaller app

Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.