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Mr A borrowed a loan of INR 1 0 , 0 0 , 0 0 0 at 8 % interest rate for purchasing a house.

Mr A borrowed a loan of INR 10,00,000 at 8% interest rate for purchasing a house. The loan has to be repaid over the next 10 years. Calculate the emi to be paid by Mr A to repay his loan in 10 years. Assume PVIFA for 8% and 10 years is 6.71.

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