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NEW QUESTION: 1
You want to take a trip overseas which costs Rs. 10 lacs. The cost is expected to remain unchanged in nominal terms. You can save annually Rs. 50000 to fulfill the desire. How long will you have to wait if your savings earn an interest rate of 12%?
A. 10.79 years
B. 11.00 years
C. 10.99 years
D. 11.23 years
Answer: A

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