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Course : Engineering Economics Q1: Ali received a loan of $50,000 to be repaid in 8 equal end-of-year payments at 10% [4 marks] a. Find

Course : Engineering Economics

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Q1: Ali received a loan of $50,000 to be repaid in 8 equal end-of-year payments at 10% [4 marks] a. Find the value of the installments b. After 3 years, how much of the loan would be paid

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