Form of education loan from trust bank

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Ben Amin borrows RMBODOO in the form of education loan from Trust Bank. The payments are to be made in installment basis at the end of the year. The tenure of loan is for 6 years at an interest rate of 8% per annum. Determine the amount that Ben Amin will have to pay each year for 6 years?

Reference no: EM133116088

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