Exam CWM_LEVEL_2 topic 1 question 27 discussion

Mr. Mishra is working in a reputed company and earning Rs. 5,00,000 p.a. and is now 50 years old. He has invested Rs. 2,50,000 in an annuity which will pay him after 5 years a certain amount p.a. at the end of every year for 10 years. Rate of interest is 8% p.a. Calculate how much he will receive at the end of every year after 5 years?