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A man borrows Rs. 20,000 at 4% C.I. and agrees to pay both the principal and the interest in 10 equal annual installments at the end of each year, find the amount of these installments.
A man borrows Rs. 20,000 at 4% C.I. and agrees to pay both the principal and the interest in 10 equal annual installments at the end of each year, find the amount of these installments.
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More In
Accounting for Merchandising Operations
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Adjusting the Accounts
Managerial Accounting
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Corporations: Dividends, Retained Earnings, and Income Reporting
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