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example 4 a 10 year old loan Of 40 000 is to be repaid with monthly payments Using the sintang pand method in which

example 4 a 10 year old loan Of 40 000 is to be repaid with monthly payments Using the sintang pand method in which interest on the principal is determined using 4% annual effective and deposits into the Sinking fund also earn 4% annual expertire. Calculate the totall I amount of each monthly payment.

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