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You are to repay a loan of $3500.00 with repayments every fortnight for 4.5 years, with the first repayment being one fortnight after you took
You are to repay a loan of $3500.00 with repayments every fortnight for 4.5 years, with the first repayment being one fortnight after you took out the loan. If interest is charged at j26 = 7.9560% p.a. then the fortnightly repayment size is:
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