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Suppose this financing company offers two different plan for borrowings to its customers. One is demanding interest rate of 10% compounded semiannually and second is

Suppose this financing company offers two different plan for borrowings to its customers. One is demanding interest rate of 10% compounded semiannually and second is interest rate of 6% compounded quarterly. You want to get loan of Rs. 300,000 today how much it will grow in 8 years at these rates? Which plan is most suitable for customers?

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