Question
Mr. Mannan borrow Tk. 5,00,000 from a bank for purchasing a shop. If he pays annual equal installments for 10 years at 8% interest rate
Mr. Mannan borrow Tk. 5,00,000 from a bank for purchasing a shop. If he pays annual equal installments for 10 years at 8% interest rate on outstanding balance. Then what is the installment amount if he makes installment at the end of each year?
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Beer Business Finance
Authors: Kary R Shumway
1st Edition
1090833741, 978-1090833747
