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Suppose Serve All Microfinance grants a Ghc9,000 working capital loan at 18% annual interest with annual payments that you will pay off in over 12

Suppose Serve All Microfinance grants a Ghc9,000 working capital loan at 18% annual interest with annual payments that you will pay off in over 12 months. i) What will the monthly payment be if this loan is a flat rate loan? Display the loan structure on a schedule? ii) What will the monthly payment be if this loan is a declining balance loan? Display the loan structure on a schedule?

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