Question

a peson purchase house rs 300000 he paid rs 200000 at time of purchase agree to pay balance with
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Answer 1

Answer:

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Answer 2

Answer:

P.V=300000-200000=100000

I= 12%/2=6%

N=20

A=?

P.V=A[(1+i)^n-1]/i(1+i)^n

100000=A[(1.06)^20-1]/0.06(1.06)^20

A=8719.66