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A loan of Rs 5,00,000 is to be paid in 5 equal annual installments. If the rate of interest is 10% p.a compounded annually. Find

A loan of Rs 5,00,000 is to be paid in 5 equal annual installments. If the rate of interest is 10% p.a compounded annually.

Find the amount of each annual installment and also prepare the loan amortization schedule.

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