27. Mr. F has taken a loan from bank amounting to `45,56,500. The bank charges interest at...

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27. Mr. F has taken a loan from bank amounting to `45,56,500. The bank charges interest at the rate of 11% p.a. The loan is taken for 12 years. Mr. F promises to pay the loan along with interest in 12 equal annual instalments. Find the amount of each instalment. Given PVIFA11%, 12 = 6.492.

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Financial Management

ISBN: 9789352605606

1st Edition

Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana

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