If you want to withdraw Rs 45,000 at the end of each quarter for the next 6 years then what amount must you invest today at 6% compounded quarterly?
a)45,000 [(1 - (1/ (1 + .06/4)24)) / (.06/4)]
b)45,000(1 + .06/4)24)
c)45,000 [(1 + ((1 + .06/4)24)) / (.06/4)]
d)45,000 [(1 - (1/ (1 + .06)6)) / (.06)]
a)45,000 [(1 - (1/ (1 + .06/4)24)) / (.06/4)]
b)45,000(1 + .06/4)24)
c)45,000 [(1 + ((1 + .06/4)24)) / (.06/4)]
d)45,000 [(1 - (1/ (1 + .06)6)) / (.06)]