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Exercise 3 Loans Mr Aries has taken out a loan to buy a car. The loan is for 15 000 euros over a period of
Exercise 3 Loans Mr Aries has taken out a loan to buy a car. The loan is for 15 000 euros over a period of 36 months. The annual interest rate is 6%. He will repay in constant monthly instalments. What is the amount of the monthly payment that Mr. Aries will have to pay?
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