Time Value of Money

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Question : 72 of 99
 
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Anil bought a motor cycle costing Rs. 1,30,000 by making a down payment of Rs. 30,000 and agreeing to make equal annual payment for five years. How much would be each payment if the interest on unpaid amount be 10% compounded annually? [ P(5,0.10)=3.7908 )
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