Mathematics for FinancePYQ Jun 24Question 1473 of 422
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If a loan of $30,000$ is to be paid in $5$ annual instalments with interest rate of $14\%$ per annum, then the equal annual instalment will be (take $P(5, 0.14) = 3.43308$)

Options

A$8,700$
B$8,100$
C$8,738$
D$8,322$
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Correct Answer

Option c$8,738$

All Options:

  • A$8,700$
  • B$8,100$
  • C$8,738$
  • D$8,322$

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