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For example, to calculate compounding over a 10-year period, you'd take 1.08 and raise it to the 10th power. That yields 2.159. Finally, multiply the result by the lump sum.
A lump sum investment means putting a large amount into a mutual fund in one go. This approach suits people who have extra funds — say from a bonus, sale of property, or inheritance — and want ...
UPS calculator for govt employees: Set to come into effect from April 1, 2025, the Unified Pension Scheme will be available to eligible central government employees who are covered under the ...