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QUESTION 2 ( CLO 2 ) If someone borrowed RM 6 , 0 0 0 and managed to pay after 1 0 months with a
QUESTION CLO
If someone borrowed RM and managed to pay after months with a total of
RM
a What will be the value of interest charged?
b What is the corresponding nominal interest rate, compounding semiannually?
c What will be the amount of money if they fail to pay after a year?
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