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Assuming that Bob wants to buy his own flat in 96 months. The flat will cost 87,000 in total. Today he already has saved 12,000.

Assuming that Bob wants to buy his own flat in 96 months. The flat will cost 87,000 in total. Today he already has saved 12,000. Which rate does he have to pay each month if the yearly interest rate is i = 1.7% and Bob always transfers the money by the beginning of each month?

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