The premium of an insurance policy

The premium of an insurance policy is Rs 700 per quarter payable at the beginning of each quarter. If the policyholder wishes to pay a one-year premium in advance, how much should be provided that the interest rate is 10% compounded quarterly?

A retired person deposits a sum of Rs 2,00,000 in an account that pays 12% interest per annum. How much can he get annually for a period of 20 years?

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