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You are to repay a loan of $3700.00 with repayments of $210.00 every month, with the first repayment being one month after you took out

You are to repay a loan of $3700.00 with repayments of $210.00 every month, with the first repayment being one month after you took out the loan. If interest is charged at j12 = 7.8390% p.a. then the total number of repayments (including any partial payment) is: Question 5 options: 1) 19 2) 20 3) 17 4) 15

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