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Meriton ltd borrows $1000000 at an interest rat of 11.5% per annum, repayable by equal month instalments over 20 years.Calculate the principal and interest components

Meriton ltd borrows $1000000 at an interest rat of 11.5% per annum, repayable by equal month instalments over 20 years.Calculate the principal and interest components of the first and last repayments.

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