What is the the loan amount that is taken


Problem

Not yet answered Marked out of 1.00 17 Flag question XTZ Company took a loan from the bank for 9 years, and compounded annually interest of 1.3 per cent is charged, Repayment of the loan has been done by equal installment in the beginning of each year which are 246 each. What is the the loan amount that is taken?

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Financial Management: What is the the loan amount that is taken
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