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QUESTION 3 You took a loan in the amount of RM29,746.39. You were told that you have to make end-of year annual repayments as per
QUESTION 3 You took a loan in the amount of RM29,746.39. You were told that you have to make end-of year annual repayments as per the schedule below Annual Repayment Year 1 RM? RM? 2 RM? 3 RM1,500 RM2,000 5 6 RM3,500 7 RM5,000 8 RM7,500 RM7,500 RM12,000 10 If the annual rate of interest is 4.5% (annual compounding), calculate the missing cash flows (annual repayment for years 1, 2 and 3). The annual repayment for years 1, 2 and 3 is the same amount. (7 marks) Activate Windows Go to Settings to activate Wind ows
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