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CA Foundation doubt

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% compound interest

Asked by Krishna25 Jul 2024468 views

6 answers

  1. Yash · 25 Jul 2024

    This is ambiguous question

  2. Tabrez · 25 Jul 2024

    Because he is commencing now

  3. Tabrez · 25 Jul 2024

    Due

  4. Tabrez · 25 Jul 2024

    D

  5. Shree · 25 Jul 2024

    Cause in question " Annual investment COMMENCING NOW" Raja is commencing today and we have to find the amount he has to invest every year from today. If in question we have to find the final amount of investment he had made (at end) then we have to use Annuity Intermediate/ordinary.

  6. Dharmik · 25 Jul 2024

    Now word hai is liye

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