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Suppose you borrow RM18,000 education loan from Standard Bank. Payments are being made in instalments at the end of each year, You borrow for 7
Suppose you borrow RM18,000 education loan from Standard Bank. Payments are being made in instalments at the end of each year, You borrow for 7 years at an interest rate of 8% per annum. Determine the amount that you will have to pay for each year for 7 years.
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