IESL Part III
IESL Qualifying Examination Part III (Institution of Engineers, Sri Lanka)
Engineering EconomicsEnglish
Exam overviewPractice session
A firm in Sri Lanka borrows LKR 5,000,000 to purchase equipment at an interest rate of 12% per annum compounded annually. The loan is to be repaid in equal annual installments over 5 years. What is the annual payment required (rounded to the nearest LKR)?
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