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Prepare the money to pay the monthly installment to the bank

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Reference no: EM133150912

Question - An organization has a plan to expand its factory into bigger size. They decided to seeking for a bank loan at Rp 5.000.000.000,- for 2.5 years period. Currently they are calculating if they have enough money to pay back the loan in monthly installment plan. They assumed that the interest rate will be at 18% a year.

Calculate how much the company has to prepare the money to pay the monthly installment to the Bank?

Reference no: EM133150912

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