Question

a debt of 5000 due in 5years is to be repaid by a payment of 2000 now and a second payment at the end of 6 years . how much should the second payment if the interest rate is 6% compounded quarterly

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Answer 1

Answer:

If the interest rate in 7% compounded annually, how much is final payment? A loan of ₹30,000 due 6 years from now is instead to be paid off ...