Question

2. A man buys a house for 600000 on condition that he will
pay 300000 cash down and the balance in 10 equal
annual instalments, the first to be paid one year after the
date of purchase. Calculate the amount of each instalment,
compound interest being computed at the rate of 5% p.a.
(Given, (1.05)-10 = 0.6139.
A 28852.63
® 58852.63
© 738852.63
D 48852.63​

Answer 1

Answer:

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