loan

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# loan

Submitted by sudra on Wed, 10/21/2009 - 16:50

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A loan of rs.1000 is to be repaid by payment of rs.200 at the end of 1 year ,rs.300 at the end of 2 yrs and the outstanding balance at the end of 4.5 yrs .what should the final payment be if interest is reckoned at 9 % p.a convertible half yearly?

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