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Pls help me answer it. A loan of 800.00 taken out 2 years ago is to be repaid by three equal installments due now, three
Pls help me answer it.
A loan of 800.00 taken out 2 years ago is to be repaid by three equal installments due now, three years from now, and six years from now respectively . what is the size of the equal installment if interest on the debt is 7.32% p.a compounded monthly ?
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