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To check whether the accumulated sum in the account would be sufficient to meet the fund for the expansion program, we need to calculate the future value of the annual investments. Given: Annual investment amount = Rs. 50,00,000 Assured rate of return = 18% Number of investment periods = 5 years Using the compound interest formula: Future Value = Payment * [(1 + Interest Rate)^n - 1] / Interest Rate Substituting the values into the formula: Future Value = Rs. 50,00,000 * [(1 + 0.18)^5 - 1] / 0.18 Calculating the future value: Future Value = Rs. 50,00,000 * [(1.18)^5 - 1] / 0.18 Future Value ≈ Rs. 3,49,52,255.92 The accumulated sum in the account after 5 years of annual investments would be approximately Rs. 3,49,52,255.92. Now, let's compare the accumulated sum with the required fund for the expansion program: Required fund = Rs. 5,00,00,000 Since the accumulated sum of Rs. 3,49,52,255.92 is less than the required fund of Rs. 5,00,00,000, the company will need to make some o
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