# A loan of Rs 7500 bearing 6.5 percent intrest compounded quarterly is to be repaid is 8 equal quarterly instalments,

This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!

## Question:

A loan of Rs 7500 bearing 6.5 percent intrest compounded quarterly is to be repaid is 8 equal quarterly instalments, the first being due today .find sum payable per installment and also calculate the total interest.

**Related Book For**

## Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

**View Solution**

Create a free account to access the answer

**Cannot find your solution?**

Post a FREE question now and get an answer within minutes.
* Average response time.