Mathematics for FinanceMTP Jun 24Question 1532 of 422
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Mr. A borrows $5,00,000$ to buy a house. If he pays equal instalments for $20$ years and $10\%$ interest on outstanding balance what will be the equal annual instalment?

Options

A$5929.84$
B$58729.84$
C$68729.84$
DNone of these
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Correct Answer

Option a$5929.84$

All Options:

  • A$5929.84$
  • B$58729.84$
  • C$68729.84$
  • DNone of these

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