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Miracle automotive borrowed INR 200,000 at 10 percent for 5 years. The loan is payable in five equal installments at the year-end. What is the
Miracle automotive borrowed INR 200,000 at 10 percent for 5 years. The loan is payable in five equal installments at the year-end. What is the equal annual installment that will completely amortize the loan over 5 years?
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