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Your yearly loan repayments on a $500,000 loan over ten years are $72,842.96. If the interest rate is 7.5% p.a., what is the amount of
Your yearly loan repayments on a $500,000 loan over ten years are $72,842.96. If the interest rate is 7.5% p.a., what is the amount of interest paid in the first year?
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