Anonymous
Anonymous asked in Science & MathematicsMathematics · 2 months ago

Ms. Shruti is 45 years old and plans to retire at 60. Her life expectancy is 80 years.Ms. Suman her Financial Planner, estimates that her ?

Ms. Shruti is 45 years old and plans to retire at 60. Her life expectancy is 80 years. Ms.Suman her Financial Planner, estimates that her client will require Rs.540,000 in the first year after retirement. Inflation rate is 6% p.a. and the rate of return is 10% p.a. What will be the savings per year required in order to meet this?

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