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mafa ca final nov 2008 question on Lease & borrow

sumit kandoi (CA FINAL) (351 Points)

21 November 2008

What If problem of Lease Or Borrow sum solved by taking 5 equal installment inclusive of interest.? Is it right or not

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Geetha (Student) (0 Points)
Replied 22 November 2008

Dear Sumit, Equal installment would mean principal is to be equal with principal should be paid equally through the term. Equated installment would mean the aggregate of principal and interest to be kept equal. visit www.sreeramcoachingpoint.com for downloading the solutions to MAFA q paper nov 08 and for more free downloads.