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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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