Mr. Sheikh, CEO of a multinational firm, has one son and on daughter of 10 and 8 years old. Mr. Sheikh is retiring in 10 years from now. He is expecting that after 14 years his son will go to LUMS for MBA and daughter will be married in 10 years. For these two very important expenses, the estimated expenditure in future will be Rs. 1,500,000 and Rs. 1,000,000 respectively. MCB Bank has recently offered long term deposit scheme with 12% rate of return. Mr. Sheikh wants to know that how much amount he should deposit annually for next ten years which will make it sure payment available in time.