Time Value of Money

Question : 75 of 99

Marks: +1, -0

An overdraft of Rs. 50,000 to be paid back in equal annual installments over a period of 20 years. Find the value of Installment, if interest is compounded annually at

14 \%

per annum. [Given

(1.14)^{20}=13.74349]

Rs.7550.50
Rs.7549.30
Rs.7559.50
Rs.7560.50

Validate

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