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3. Given the loan information below: Loan principal RM15,000 Annual interest rate 15% Loan term (months) 48 Note: The payment frequency for this loan is

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3. Given the loan information below: Loan principal RM15,000 Annual interest rate 15% Loan term (months) 48 Note: The payment frequency for this loan is monthly a) Find the amount of payment that has to be made every month. [10 marks] b) Fill in the amortization table below for this loan. 130 marks

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