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a man owes rupees 8000 due in 2 years without interest and rupees 3000 due in 9 years with 6% annual effective rate of interest.

a man owes rupees 8000 due in 2 years without interest and rupees 3000 due in 9 years with 6% annual effective rate of interest. he wishes to pay these debts in two equal installments due 4 and 5 years hence respectively. if money is worth 4% converted semi annually how much should each installment be

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