??????? c) A loan of ( 80,000 ) is to be repaid at par in 20 equal annual instalments, the first instalment being repaid

??????? c) A loan of \( £ 80,000 \) is to be repaid at par in 20 equal annual instalments, the first instalment being repaid ten years after the issue date. The loan is issued bearing interest at the rate of 2 answers