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The BANK offers loans at 10% per annum, compounded semi-annually. Customer A negotiated a $10,000 loan to be repaid monthly over 5 years. How much
The BANK offers loans at 10% per annum, compounded semi-annually.
Customer A negotiated a $10,000 loan to be repaidmonthly over 5years. How much is themonthly installment(payment)?
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