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10.5 A customer borrows 4,000 under a consumer credit loan. Repayments are calculated based on an APR of 15.4%, and are paid monthly in arrears

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10.5 A customer borrows 4,000 under a consumer credit loan. Repayments are calculated based on an APR of 15.4%, and are paid monthly in arrears for 5 years. Calculate the amount of each monthly repayment

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