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C. Calculate the total amount of interest Mr. Chan has paid in the past two years. (4 marks) LLLLLLLLL D. Peter borrows a loan of

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C. Calculate the total amount of interest Mr. Chan has paid in the past two years. (4 marks) LLLLLLLLL D. Peter borrows a loan of $100,000 from the bank. The loan is to be repaid by equal monthly repayment amount for 24 months. The monthly flat rate of the loan is 0.10496%. Calculate the annual percentage rate (APR) of the loan. (7 marks) tttttt

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