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8 March, 09:52

Calculate the monthly repayments on a $25000 loan that is charged at a simple interest rate of 8% for 6 years

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  1. 8 March, 10:02
    0
    This is how you are supposed to do in another question
  2. 8 March, 10:15
    0
    25,000 x 1.08 = 27,000 / 72 = 375

    $375/month
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