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Bread Pitt Bakers have a bank loan that requires them to pay $3,000 at the end of each month. If they have missed their repayments

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Bread Pitt Bakers have a bank loan that requires them to pay $3,000 at the end of each month. If they have missed their repayments for 4 months, what payment will be required in the 5th month to put them back on schedule if they are charged interest at 15% p.a. compounding monthly? $12,379.72 $15,379.72 O $15,226.88 O $15,611.34 O $12,226.88

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