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A man has RM 2 4 0 , 0 0 0 home loan for 2 0 years at a nominal rate of 4 . 5
A man has RM home loan for years at a nominal rate of
convertible monthly. He makes fixed principal repayment of RM each
month. Find,
a his loan balance after years
b his month payment
c the sum of amount of interest paid in the year from month to
month
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