You have four loans outstanding to your friend: 100,000 after 3 years, 50,000 after 5 years, 150,000

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You have four loans outstanding to your friend: ₹100,000 after 3 years, ₹50,000 after 5 years,

₹150,000 after 7 years and ₹200,000 after 10 years. You wish to consolidate the loans and pay him with six annual instalments starting at the end of the year. What would be the annual payment?

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Corporate Finance Theory And Practice In Emerging Economies

ISBN: 9781108486965

1st Edition

Authors: Sunil Mahajan

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Question Posted: Feb 24, 2024 03:01 AM

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You have four loans outstanding to your friend: 100,000 after 3 years, 50,000 after 5 years, 150,000

Question:

Step by Step Answer:

Calculating the annual payment for consolidating loans To find the annual payment needed to consolid...View the full answer

Corporate Finance Theory And Practice In Emerging Economies

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