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Some students of LCWU were so attached with their institute that they decided to donate some of their earnings to their university. Their plan was

Some students of LCWU were so attached with their institute that they decided to donate some of their earnings to their university. Their plan was to offer the education to 5 students per year. University told these pioneer students that per student cost would be 30000. So these pioneer students decided to pay the required amount to the university and interest rate discussed between university and bank was 12%. How this scenario guides you about your calculation

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