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Mr X has determined that that his company can afford a Rs 3 0 0 , 0 0 0 annual payment for the next 1

Mr X has determined that that his company can afford a Rs 300,000 annual payment for the next 10
years. A new accounting software package costs Rs 1.8 million in total. If Mr X can borrow the
money at 8%, can he afford the new system?

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