How much lump sum should one invest now

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Exactly nine years from now Mr. Akash will start receiving a pension of tk 20,000 a year. The payment will continue for 15 years. How much is the pension worth now, if the interest rate is 15%?

At age 20, how much should one invest at the end of each year in order to have tk10 lakh at age 50, assuming 10 per cent annual growth rate? At age 20, how much lump sum should one invest now in order to have 10 lakh at the age of 50, assuming 10 per cent annual growth rate?

Reference no: EM133051686

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