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You want to borrow Rs. 1,500,000 to buy a flat. You approach a housing company which charges 13 percent interest. You can pay Rs. 200,000

You want to borrow Rs. 1,500,000 to buy a flat. You approach a housing company which charges 13 percent interest. You can pay Rs. 200,000 per year toward loan amortisation. What should be the maturity period of the loan

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