per cent. Required: (i) Calculate the monthly repayments for loans 1 and 2 to two decimal places.

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per cent.

Required:

(i) Calculate the monthly repayments for loans 1 and 2 to two decimal places. (5 marks)

(ii) Calculate the total amount repaid under each loan and purely on the basis of this information recommend which loan Doug should choose. (2 marks)

ACCA Paper 1.2 - Financial Information for Management

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