A kind of lease in business organisations wherein the lesssor and lessee agree to a payment schedule (normally
some months) have no payment and penalty
Mr. Rajesh Rawat deposits Rs. 15,000 per month at the end of the month for 6.50 years in an account that pays
a ROI of 8.80% per annum compounded quarterly. What will be the amount in the account after 6.50 years.?