How long in years will take to repay the loan

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Question 1: What is the future value of $4,800 at 6.95 per cent per annum, simple interest over 19 days?

Question 2: You have borrowed $41,711 at 3.02%pa compounded monthly with monthly repayments. You decide to repay $748 per month. How long (in years) will it take you to repay the loan?

Reference no: EM132538707

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