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e) After graduation, Melinda determines that she has borrowed RM25,000 from a loan provider over her 3 years at university. This loan must be repaid

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e) After graduation, Melinda determines that she has borrowed RM25,000 from a loan provider over her 3 years at university. This loan must be repaid with monthly payments for period of 10 years. If the interest rate charged is j1 = 3%, determine the monthly payment. (4 marks)

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