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The first alternative is BizLoan gives the loan of RM 12,000,000 to the company with a requirement of 10% interest compounded monthly for 5 years.

The first alternative is BizLoan gives the loan of RM 12,000,000 to the company with a requirement of 10% interest compounded monthly for 5 years. How much interest that The Group 7 Holdings Berhad needs to pay for the given alternative loan?

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