Ram takes a loan of Rs.10,00,000 at 12% interest rate. The loan is to be...
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Ram takes a loan of Rs at interest rate. The loan is to be repaid in equal installments starting year from now. Ram plans to repay the loan within years from now. a Calculate the equal value of the payments. b Due to financial constraints, ram was not able to pay the installment on the rd year. Calculate the new equal installments to be paid to complete the loan within the same timeline as before. Draw a cash flow diagram.
Ram takes a loan of Rs at interest rate. The loan is to be repaid in equal installments starting year from now. Ram plans to repay the loan within years from now.
a Calculate the equal value of the payments.
b Due to financial constraints, ram was not able to pay the installment on the rd year. Calculate the new equal installments to be paid to complete the loan within the same timeline as before. Draw a cash flow diagram.
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