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Minerva Ltd has raised a loan of Rs.5lkh from a financial institution at 8% interest p.a. The amount must be paid back in 5 equal

Minerva Ltd has raised a loan of Rs.5lkh from a financial institution at 8% interest p.a. The amount must be paid back in 5 equal annual installments. What shall be the size of the installment? (2Marks)

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