A company is planning to invest Rs. 6000 once in 6 months; the investment is made at the end of every 6th month, for the next 5 years. The company is planning to utilize this amount accumulated at the end
a) What is the total amount invested over 5 years?
b) If the investment earns 8% per annum compounded semi-annually, what will be the total value at the end of 5 years?
c) Calculate the interest earned over the 5 years.
d) Discuss the benefits and drawbacks of this investment strategy.
