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please do it in detail (a) You have just borrowed RM260,000 to build a new warehouse. The monthly payment for the loan is an equal

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(a) You have just borrowed RM260,000 to build a new warehouse. The monthly payment for the loan is an equal annual payment at the end of each year. The loan is for 15 years at an annual percentage rate of 8 percent. Calculate the first annual payment that will be used to reduce the principal balance

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