find cach instalme

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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A sum of Rs. 10815 is to be paid back in 3 equal half
yearly instalments. If the interest is compounded half yearly at
the rate of 13-% per annum, find cach instalment.
3
Transcribed Image Text:A sum of Rs. 10815 is to be paid back in 3 equal half yearly instalments. If the interest is compounded half yearly at the rate of 13-% per annum, find cach instalment. 3
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