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Solve the following problems: You have taken a loan of $5000 from the bank to buy a car. The loan is to be repaid in
Solve the following problems: You have taken a loan of $5000 from the bank to buy a car. The loan is to be repaid in 5 years and the lender charges an interest of 12%. Construct an amortization schedule showing the amount of payments you will be paying each period, the repayment of principal amount and the interest amount for each period. 6 Marks Ans
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