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You borrow $15,000 with an annual interest rate of 6%, to be repaid in 5 equal annual instalments. How much interest will you pay in

You borrow $15,000 with an annual interest rate of 6%, to be repaid in 5 equal annual instalments. How much interest will you pay in total on the loan?

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$3,561

$4,500

$561

$2,805

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