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You buy a house for Rs 5 lakh and immediately make cash payment of Rs 1 lakh. You finance the balance amount at 12 per
You buy a house for Rs 5 lakh and immediately make cash payment of Rs 1 lakh. You finance the balance amount at 12 per cent for 20 years with equal annual instalments. How much are the annual instalments? How much of the each payment goes towards reducing the principal? 20. You plan to buy a flat for Rs 200,000 by making Rs 40,000 down payment.
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