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Bhavyag20:
Kevin borrows $7500 to be paid back at 12.5% p.a. monthly reducible over a period of 7 years. What is the amount of each monthly instalment and what is the total interest charged on the loan. Find the equivalent flat rate of interest.
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Eiwoh2:
We might need to see answer choices.
kittybasil:
I don't think this needs answer choices, but that's me. However, I do not know how to calculate interest very well. @SmokeyBrown ?
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