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A loan will be repaid by month-end repayments of 3,000 for 10 years. The interest rate is 1.3% p.a. compounded monthly for the first 6 years and 9.1% p.a. compounded monthly thereafter. How much is

A loan will be repaid by month-end repayments of 3,000 for 10 years. The interest rate is 1.3% p.a. compounded monthly for the first 6 years and 9.1% p.a. compounded monthly thereafter. How much is the loan? Correct your answer to the nearest cent without any units. 

Apr 14 2021 View more View Less

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