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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?
1
Expert's answer
2017-03-13T11:58:06-0400
14000*0.1=1400

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Guyana #340795 on Jan 2024