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What would be monthly payment for different repayment period

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Question 1: If invest 2000 a year for 40 years towards my retirement and earn 8% a year on my investments, how much will have when retire?

Question 2: If you invest Rs. 8000 today with a financial company and the company pays you Rs. 1000 in the 1st year, Rs. 1500 in the second year, Rs. 2000 in the 3rd year, Rs. 2500 in the 4th year and Rs. 3000 in the 5th year at 5% rate. Is this a good investment?

Question 3: You are going to buy a new house. The amount of money needed (with a 10 year repayment period) is 1000,000. The annual interest rate is 8%. Calculate monthly payment for various interest rates. Calculate what would be the monthly payment for different repayment period. Calculate monthly payments for different combinations of interest rates and payment period.

Reference no: EM132580898

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