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The company has a loan of 50000 EUR for 10 years, loan % rate r = 8% per annum. Loan repayment - equal payments at
The company has a loan of 50000 EUR for 10 years, loan % rate r = 8% per annum. Loan repayment - equal payments at the end of each year. a) What will be the annual payment? b) What will be the interest payments over ten years?
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