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Find out price of television

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Reference no: EM132523017

Solve the following annuities taking 10% interest rate:

Question A. Find out price of Television if you have bought it through bank loan on compound interest basis and you are paying Rs.5000 in the start of each year till 6 years?

Question B. How much amount would you save each year from now to receive Rs.8,000 per year at the end of each year for next 20 years after your retirement, which is due after 10 years?

Reference no: EM132523017

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