Friday, February 09, 2007

Fresh Start

Its after six months that I am writing again.
Bought a new Laptop, and have broadband connection at home. Hence, am able to.
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A cash Credit facility of Rs. 2 Crores @ 10.50%, against security of Life Insurance Policies. The commission on policies is Rs. 10 Lakhs. What will be the IRR for one year period?
Answer: 15.77%

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