III. You buy a house for Rs50 lakh and immediately make cash payment of Rs 10 lakh. You finance the balance amount at 12 percent for 20 years with equal annual installments. How much are the annual...

Extracted text: III. You buy a house for Rs50 lakh and immediately make cash payment of Rs 10 lakh. You finance the balance amount at 12 percent for 20 years with equal annual installments. How much are the annual installments? How much of the each payment goes towards reducing the principal? IV. An account earning 6.6% interest compounded continuously for 10 years would have a balance of how much if the principal was Rs 5500.