You have borrowed ₹15,000 now and it is to be repaid by equal end-of-quarter installments for 5 years with interest at 8\% compounded quarterly. What is the amount of each payment?
You have borrowed ₹15,000 now and it is to be repaid by equal end-of-quarter installments for 5 years with interest at 8\% compounded quarterly. What is the amount of each payment?