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Determine the value of L12. Answer: What does the product L12 X 112 represent? a. Nothing. This expression is complete nonsense. b. The interest component

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Determine the value of L12. Answer: What does the product L12 X 112 represent? a. Nothing. This expression is complete nonsense. b. The interest component of the 13th repayment. C. The interest component of the 12th repayment. d. The interest paid in the second year

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