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Mathematics, 12.08.2020 08:01 jerryG6171

A man borrows $200 000 to buy a sports car. He is charged a simple interest of 2.88% per annum. If the loan is for 7 years, find the
(a) interest payable
(b) amount of each repayment if the total sum is to repaid in 84 equal
installments.

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