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Homework answers / question archive / How much wealth Rs 20000 would produce if it’s invested in a fixed deposit for a tenure of 12 years at an interest of 8% per annum

How much wealth Rs 20000 would produce if it’s invested in a fixed deposit for a tenure of 12 years at an interest of 8% per annum

Finance

How much wealth Rs 20000 would produce if it’s invested in a fixed deposit for a tenure of 12 years at an interest of 8% per annum. Also, discuss the concept of compounding and calculating the future value of money

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