You have a long-term goal of paying off your school loans in five years. You will graduate with a loan debt of RM20,000 and an interest rate of 6%. How much will you need to pay each month to have the debt paid off in five years? (5 marks)

You have a long-term goal of paying off your school loans in five years. You will graduate with a loan debt of RM20,000 and an interest rate of 6% give opinion and calculate. How much will you need to pay each month to have the debt paid off in five years? (5 marks)