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In: Advanced Math

A loan of RM5,000 for 20 months at 10% per annum simple interest rate was settled...

A loan of RM5,000 for 20 months at 10% per annum simple interest rate was settled by making 20 monthly payments. Find the outstanding principal just after the eighth payment by using the Rule of 78.

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Colby Messinger answered 2 years ago
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