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A heat exchanger is procured at a cost of 15 lakhs with a down payment of 2 Lakhs. The remaining amount needs to be paid
A heat exchanger is procured at a cost of 15 lakhs with a down payment of 2 Lakhs. The remaining amount needs to be paid in monthly instalments at 1.5 % interest rate per month. What would be the monthly instalment to be paid if the debt has to be cleared in three years?
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