The price of a T.V. set worth Rs. 70000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?	Choose the correct choice from the following options:
A) 22678
B) 26699
C) 69000
D) 19000
E) 26711
Money paid in cash = Rs. 1000   Balance payment = (70000 - 1000) = Rs. 69000   Answer: 69000
<result>C</result>
The price of a T.V. set worth Rs. 70000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?