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Please answer both question. Please show working. Thank you 10%) 18. Mr. X takes a loan of 50,000 from HDFC Bank. The rate of interest
Please answer both question. Please show working. Thank you
10%) 18. Mr. X takes a loan of 50,000 from HDFC Bank. The rate of interest is 10% per annum. The installment will be paid at the end of year 5. Determine the amount of equal annual installments if Mr.X wishes to repay the amount in five installments. a. 19500 Chansiune Ax PuIFA lis years b. 19400 19310 SO W 12.578 d. None of these 19. If the nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per annum, determine the frequency of compounding: a. 1 C. soian = A X 7.7217 - A 7.7217 m 0.P= (1+) b. 2 o. 102S = (ton - 1. - C. 3 d. None of these mnarable by mStep by Step Solution
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