Markets: A Rigorous Course

M00 · Problem 2 ★ Check

The cost of waiting

You want ₹50 lakh in 12 years and assume 10% a year. (a) What monthly SIP reaches the target? (b) If you start three years later and keep the same target date, what SIP is needed? By what factor is it larger?

Answers

Commas, ₹, % and 1e-3 notation are accepted.

Working

Keep your working next to each problem, in markdown with maths: create a free account or sign in.

Solution

Try the problem first. Write down where you got stuck before opening it.

Create a free account

Reading is open to everyone. An account keeps your progress, answers, notes and code drafts, and gives you the study plan, the journals and the simulator. Running code needs an account approved for it.