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Noni buys a car for RM130,000 and she pays 10% down payment. The balance is to be settled monthly through financing from a bank

Noni buys a car for RM130,000 and she pays 10% down payment. The balance is to be settled monthly through financing from a bank that charges interest 3.2% compounded monthly for 9 years. Find the loan amount required and determine the monthly payment.

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