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An engineer wishes to borrow $20 000 in order to start his own business. A bank will lend him the money provided he agrees to

An engineer wishes to borrow $20 000 in order to start his own business. A bank will lend him the money provided he agrees to repay $920 per month for two years. How much interest is he being charged?

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An engineer wishes to borrow $20 000 in order to start his own business. A bank will lend him the money provided he agrees to repay $920 per month for two years. How much interest is he being charged

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