Question

For a term loan of ₹50 Lakhs with a tenure of 5 years, what is the calculated quarterly principal payment amount (assuming equal installments)?

A ₹1.25 Lakhs
B ₹2.00 Lakhs
C ₹2.50 Lakhs
D ₹3.00 Lakhs
E ₹5.00 Lakhs
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