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Toyota announced a new car financing scheme. As per the scheme, if you take a car loan of RO 12,000 for four years the interest

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Toyota announced a new car financing scheme. As per the scheme, if you take a car loan of RO 12,000 for four years the interest rate charged by the company will be only 2% per year. 1) Find the annual instalment to be paid (payment at the end of the period). 2) Create an amortization table. Exercise 4 You have taken a loan of RO 5,000 from XYZ Bank and you have to pay an instalment of RO 2,000 per year for the next 3 years, Find the annual interest rate

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