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Consider a Sh. 80,000 loan at 10% p.a. payable monthly over fouryears. The loan balance at the end of year five is Sh. 15,000. Aloan
Consider a Sh. 80,000 loan at 10% p.a. payable monthly over fouryears. The loan balance at the end of year five is Sh. 15,000. Aloan origination fee of 2% is applicable. Required a) Calculate theef 2 answers
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