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Below shows the monthly repayment table of a personal installment loan. 1. Which method is used to calculate the monthly payment? Explain. 2. What is

image text in transcribed Below shows the monthly repayment table of a personal installment loan. 1. Which method is used to calculate the monthly payment? Explain. 2. What is the monthly flat rate for a loan amount over HK$700,000 ? 3. What are the 24-month repayment amount and the APR based on every HKD10,000 loan amount

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