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Compute the annual installment of the loan amount

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Reference no: EM133312923

A. Rosli plans to renovate his restaurant and for that purpose he needs to obtain RM 100,000 from RZB Bank that will bear an interest rate at 8% per annum for a 15- year loan.

1. Compute the annual installment of the loan amount.

2. Prepare a loan amortization schedule for three years loan duration.

Reference no: EM133312923

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