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advise Mr. X that if he borrows from Bank an amount of Rs. 12,00,000 @ 10% p.a. on 1-4- 2020. The repayment is to be

advise Mr. X that if he borrows from Bank an amount of Rs. 12,00,000 @ 10% p.a. on 1-4- 2020. The repayment is to be made in 6 equal annual installment starting from three years from now. What would be the amount of each installment?

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