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Determine the interest cost

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Reference no: EM133086151

PLEASE USE BA II PLUS CALCULATOR. DONT USE FORMULA.

Robin borrowed $3,000.00 from HSBC Bank Canada.

The line of credit agreement provided for repayment of the loan in three equal monthly payments plus interest at 6.25% per annum calculated on the unpaid balance.

Determine the interest cost

Reference no: EM133086151

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