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Determine the amount that ainul will have to pay each year

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Problem 1: Ainul borrowed RM30.000 in the form of education loan from BB Bank. The payments are to be made in instalment basis at the end of year. The tenure of loan is for 7 years at an interest rate of 8% per annum. Determine the amount that Ainul will have to pay each year for 7 years?

Reference no: EM132939094

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