Nihal is borrowing Rs. 50,000 to buy ABC assets. If he pays equal installments for 25
years and 4% interest on the outstanding balance, what is the amount of installment?
What shall be the amount of installment if quarterly payments are required to be made?
Calculation:
If yearly payments are required to be made the amount of installment=Rs 3200.60
If quarterly payments are required to be made the amount of installment=Rs 793.29
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