What is the number or instalments

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Reference no: EM13195122

A person has borrowed the amount of £10000 under the following condition of repayment: an amount of 500 will be repaid at the end of each month that will be completely used in repaying the capital. Interest will be levied only on the unpaid part of the capital at an annual rate of 12%. what is the number or instalments?

Reference no: EM13195122

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