Answer to Question #163499 in Economics for Hasan

Question

Make repayment schedule over 5 years for Rs80,000 at (0.80+XX.X) % interest rate. (CLO-2, 5 Marks)

1) Simple interest pay all at the end.

2) Compound interest, pay all at the end.

3) Simple interest paid annually, principle repaid at the end.

4) Compound interest and portion of principle paid annually.

5) Equal payments of compound interest and principle made annually.

Answer 1

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