n NISM Certifications
NSM General NISM
Medium

You need ₹20 lakh after 15 years. Assuming 12% annual return, how much should you invest today?

Practice question from Advanced B1 S5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    ₹5,00,000

  2. ₹3,65,248

    Correct answer

  3. C

    ₹7,25,000

  4. D

    ₹10,00,000

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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