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B Find effective rate of interest for a housing loan having an Equated Monthly Instalment of Rs. 17335, 6 rate of interest on reducing
B Find effective rate of interest for a housing loan having an Equated Monthly Instalment of Rs. 17335, 6 rate of interest on reducing balance of 8.4% per annum, and loan tenure of 15 years. Also calculate the future value of total amount paid at the end of the tenure if an initial payment of Rs. 12.5 lakh has been made.
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