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A man purchased a house valued at 3,00,000. He paid 2,00,000 at the...

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Accounting

A man purchased a house valued at 3,00,000. He paid 2,00,000 at the time of the purchase and agreed to pay the balance with interest at 12% p.a. compounded half-yearly in 20 equal half-yearly installments. If the first installment is paid after 6 months of the purchase, what is the amount of each installment

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