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APR Compounding Period 12% 1 Month 8% 3 Months 10% 6 Months B. 1) If you borrow $1,000and agree to repay the loan in five

APR

Compounding Period

12%

1 Month

8%

3 Months

10%

6 Months

B. 1) If you borrow $1,000and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? (5 Marks)

NEED ASAP PLEASE

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