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UN ) X2.4 A loan of 3,000 is repayable over 5 years by level quarterly instalments of 170.07, calculated using a rate of interest of
UN ) X2.4 A loan of 3,000 is repayable over 5 years by level quarterly instalments of 170.07, calculated using a rate of interest of 5% pa effective. (0) Calculate the capital content of the sixth repayment. [2] (ii) Calculate how much interest is paid in the second year. [3] [Total 5]
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