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How much should he deposit in this account today if the ROI is 12% p.a. compounded quarterly.?

Mr. Neeraj Gupta wants to withdraw Rs. 50,000 per quarter form an account after 3 years for 6 years.

How much should he deposit in this account today if the ROI is 12% p.a. compounded quarterly.?
A . 846777
B . 593912
C . 693912
D . 774921

Answer: B

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