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this is a subjective question, hence you have to write your answer in the Text-Field given below. On the 1st of January 2022, Mr. Tata
this is a subjective question, hence you have to write your answer in the Text-Field given below. On the 1st of January 2022, Mr. Tata received a sum of Rs. 300,000 against one of his investments. On the same day he decided to loan the amount to his good friend Mr. Raut at a mutually agreed upon rate of 7.5 percent per annum. How would the loan schedule be impacted if Mr. Raut pays Rs. 30000 as pre-payment at the end of first year. [9]
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