If the ROI he gets is 15% per annum compounded half yearly calculate the corpus he would be able to accumulate in 25 years.?

Posted by: Pdfprep Category: GLO_CWM_LVL_1 Tags: , ,

Yogesh Jain is a Chartered Accountant by profession and a very disciplined investor he has started investing from today in an account Rs. 1,00,000 every year (beginning of year) and plans to increase his contribution by 10% every year.

If the ROI he gets is 15% per annum compounded half yearly calculate the corpus he would be able to accumulate in 25 years.?
A . 47379847
B . 52117831
C . 48763660
D . 44330600

Answer: B

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