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You are borrowing money for a holiday in Bali. If you can make payments of $35 per fortnight starting two weeks from now at an
You are borrowing money for a holiday in Bali. If you can make payments of $35 per fortnight starting two weeks from now at an interest rate of 2.5% per annum, how much will you be able to borrow for the holiday today if you finance the amount over four years? a. $1,526.18 b. $3,462.34 c. $2,000.92 d. $2,248.27
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