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TIME VALUE OF MONEY 1.Zara borrow RM15,000 education loan from Affin Bank. Payments are being made in installment at the end of each year. Zara

TIME VALUE OF MONEY

1.Zara borrow RM15,000 education loan from Affin Bank. Payments are being made in installment at the end of each year. Zara borrow for 10 years at an interest rate 5 percent per annum. Calculate the amount that Zara has to pay for each year.

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