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SKC took up financing of RM50,000 from Bank Rakyat at 12.56% p.a. for 3 years. 1. Bank's profit charge is RM_. 2. Monthly installment: RM___.

SKC took up financing of RM50,000 from Bank Rakyat at 12.56% p.a. for 3 years.

1. Bank's profit charge is RM_________.

2. Monthly installment: RM___________.

3. EAR: __________%

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