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The lease rentals for a 5-year contract are Rs 300/Rs 1,000 payable annually in arrears . Assuming no salvage value, compute the rate of interest

The lease rentals for a 5-year contract are Rs 300/Rs 1,000 payable annually in arrears . Assuming no salvage value, compute the rate of interest implied by the contract and develop a lease amortisati...

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