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Aquarium Limited is about to acquire a short-term loan of R 6 000 from MarumoFase Financials for a period of four years. Interest payable is
Aquarium Limited is about to acquire a short-term loan of R 6 000 from MarumoFase Financials for a period of four years. Interest payable is rated to be 10% on annual basis excluding annual administrative and underwriting costs. All this took place on 31 December 2020. Requirement: Calculate loan amortization schedule for Aquarium Limited.
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