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You have to borrow 1,237 Convertible Marks (BAM) to fund a waterworks project. You are paying off the loan in 12 monthly installments. The interest

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You have to borrow 1,237 Convertible Marks (BAM) to fund a waterworks project. You are paying off the loan in 12 monthly installments. The interest rate is 1% per month. The amount of the equal monthly installment needed to pay off the loan is BAM

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