2.Andy obtained a loan of $ 125000 from the Allahabad Bank for buying computers. The bank charges compound interest at 8% per annum, compounded quarterly. What amount will he have to pay after 5 years to clear the debt?
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2.Andy obtained a loan of $ 125000 from the Allahabad Bank for buying computers. The bank charges compound interest at 8% per annum, compounded quarterly. What amount will he have to pay after 5 years to clear the debt?
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