You have four loans outstanding to your friend: 100,000 after 3 years, 50,000 after 5 years, 150,000
Question:
You have four loans outstanding to your friend: ₹100,000 after 3 years, ₹50,000 after 5 years,
₹150,000 after 7 years and ₹200,000 after 10 years. You wish to consolidate the loans and pay him with six annual instalments starting at the end of the year. What would be the annual payment?
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Related Book For
Corporate Finance Theory And Practice In Emerging Economies
ISBN: 9781108486965
1st Edition
Authors: Sunil Mahajan
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