What annual payment will discharge a debt of Rs. 1090 due in 2 years at the rate of 5% compound interest?	Choose one:
A) 993.2  B) 586.21  C) 534.33  D) 543.33  E) 646.33

Rationale: explanation : let each installment be rs . x . then , x / ( 1 + 5 / 100 ) + x / ( 1 + 5 / 100 ) 2 = 1090 820 x + 1090 * 441 x = 586.21 so , value of each installment = rs . 586.21 answer : option b
Answer: B