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Suppose you borrow RM10,000. You are going to repay the loan by making equal annual payments for five years. The interest rate on the loan

  1. Suppose you borrow RM10,000. You are going to repay the loan by making equal annual payments for five years. The interest rate on the loan is 14 percent per year. Prepare an amortization schedule for the loan. How much interest will you pay over the life of the loan?

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