A sum money is borrowed paid annual installments of rs 847 compound interest
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Every person within the organization can evaluate whether his or her own activities will serve to help the company achieve its mission. A mission statement is usually disseminated internally. While the company vision is future-focused, the mission combines forward thinking with present goals.
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Let us derive a formula where the amount is returned in two equal installments for a time period of two years.
Assume P to be the principal and r the rate of interest. ...
Step 2: New Principal. ...
Step 3: Amount and Interest for the second year. ...
Step 4: Since the installments are equal, this new amount has to be equal to X.
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