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Question

If the repayment of debt is in a number of installments, the equation would be __________________.

A
CIo=nt=1CoIt(1+kd)t+CoPn(1+kd)n
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B
CIo=nt=1CoIt+CoPt(1+kd)t
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C
ki=1Sv
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D
kd=1Sv(1t)
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Solution

The correct option is B CIo=nt=1CoIt+CoPt(1+kd)t
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