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5.Amira has borrowed AED 3,000,000 from Al-Mashreq Bank The annual interest rate on this loan is 8 percent and the loan is to be repaid

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5.Amira has borrowed AED 3,000,000 from Al-Mashreq Bank The annual interest rate on this loan is 8 percent and the loan is to be repaid over five years with equal payments at the end of each year. What will be the interest and principal portions of the payments for year 3 and What will be the total interest payments over the five years

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