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Question 3 You borrowed $470,000 from a private financial institution. The monthly flat rate is 0.13% and you plan to pay it off in 8

"Question 3

You borrowed $470,000 from a private financial institution.

The monthly flat rate is 0.13% and you plan to pay it off in 8 years with monthly repayment. Interest is allocated based on Rule of 78.

Find the amount of interest accrued in the final month."

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