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Krishna Saha needs a loan of Taka 78,000. He approaches a bank and the bank agrees to lend him the required amount at 12.5% annual
- Krishna Saha needs a loan of Taka 78,000. He approaches a bank and the bank agrees to lend him the required amount at 12.5% annual rate if he pays off the loan in five years in five equal annual installments, the first payment to be made at the end of year 1. How much does he have to pay per year? Build an amortization schedule.
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