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# (MTH302) Fall 2018 1st GDB *Solution required*.

GDB # 1:

Question # 1: If you wish to have Rs.1, 000,000 on the retirement at the age of 60, what will you need to invest this year if you are 40 and you earn 8%?

Question # 2: Rizwan invests Rs.100,000 at the end of each year for four years in an account that pay interest at 9% , compounded annually. How much money would Rizwan has in the account at the end of the four years?

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