As the company has taken loan from other financial institutions to fulfill its capital requirement....
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Accounting
As the company has taken loan from other financial institutions to fulfill its capital requirement. Therefore the company needs to pay its loan amount in equal repayments of Rs. 45000 at the beginning of each year for next 8 years. The annual interest rate charged by the financial institution is 15%. You are also required to calculate Present value for these repayments.
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