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Calculate the present worth (cost) of an office printer which you are going to buy in five yearly installments with an increase of 7% annually

Calculate the present worth (cost) of an office printer which you are going to buy in five yearly installments with an increase of 7% annually with an annual interest rate of 7% if the cost of third installment is 9X Rs. (X= last 3 digits of your CMS ID)

(b) If the total number of yearly installments is 10, then what amount will have to pay on the 8th installment if annual interest rate is 13 %?

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