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20. LOO Robin borrowed $3000.00 from HSBC Bank Canada. The line of credit agreement pro- vided for repayment of the loan in three equal monthly

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20. LOO Robin borrowed $3000.00 from HSBC Bank Canada. The line of credit agreement pro- vided for repayment of the loan in three equal monthly payments plus interest at 6.25% per annum calculated on the unpaid balance. Determine the total interest cost

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