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A loan of $100,000 is to be repaid in annual repayments over 10 years. Assuming a fixed interest rate of 10% per annum, calculate the
A loan of $100,000 is to be repaid in annual repayments over 10 years. Assuming a fixed interest rate of 10% per annum, calculate the amount of annual repayment.If your answer contains a decimal, round to 2 places.
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