For instance, let's suppose that you need to cobble together â¹10 crore over 40 years and you reckon on getting an investment return of 12% per year. If you pop the numbers into Excel, you'll see that you have to save a paltry-looking â¹7,960 per month.
If you start 10 years later, at the same 12% per year investment return, you'll now have to save a difficult â¹28,000 per month. What if we did fancy to get higher investment return, which would surely get us to our â¹10 crore over 20 years? Well, at â¹88,000 this is not easy. What about getting to â¹10 crore in 20 years with a smaller amount and a higher rate of return?
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UDF leadership decides to formulate plans to resolve people's issues
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