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Answer to Question #66140 in Finance for abdiaziz Ahmed
Question #66140
Suppose you borrowed RM14,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year?
Expert's answer
14000*0.1=1400
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#339914 on Dec 2023
#339914 on Dec 2023
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