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2. Calculate the amount of each repayment for a $5000 purchase given the terms described below. a. 10% deposit with the balance plus simple interest
2. Calculate the amount of each repayment for a $5000 purchase given the terms described below. a. 10% deposit with the balance plus simple interest paid monthly at 15% p.a. over 5 years b. 10% deposit with the balance plus simple interest paid fortnightly at 12% over 5 years c. 20% deposit with the balance plus simple interest paid monthly at 10% over 3 years 2. Calculate the amount of each repayment for a $5000 purchase given the terms described below. a. 10% deposit with the balance plus simple interest paid monthly at 15% p.a. over 5 years b. 10% deposit with the balance plus simple interest paid fortnightly at 12% over 5 years c. 20% deposit with the balance plus simple interest paid monthly at 10% over 3 years
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