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In 2018, you took a loan of GHS 150,000 to purchase a car. You are going to repay the loan by making five equal payments
In 2018, you took a loan of GHS 150,000 to purchase a car. You are going to repay the loan by making five equal payments at the end of each of the next five years. If the interest rate on the loan is 18% per annum compounded annually, Prepare an amortization schedule on the loan. (NB: SHOW MANUAL CALCULALTIONS, NO EXCEL OUTPUT PLS)
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