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. Sam takes out a loan of 150,000 Euros to buy a boat. The loan is for 20 years at 5% per annum. Find how

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. Sam takes out a loan of 150,000 Euros to buy a boat. The loan is for 20 years at 5% per annum. Find how much he must pay each month. Another loan was for 10 years at 5% per annum. Determine how much Sam would pay each month. For each of these calculations, nd out the difference in the monthly payments and the amount of interest paid

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