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Keizer and the wife took a loan of Gh30,000 from GCB at an interest rate of 15% for a period of 4 years. The loan
Keizer and the wife took a loan of Gh30,000 from GCB at an interest rate of 15% for a period of 4 years. The loan has been mortised for them with a yearly installment payment. i. How much money are they suppose to make every year. ii. Prepare an amortization schedule to indicate that they will finish paying the loan in the fourth year.
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