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Question 1: The DEF reports net income of ?60,000. If partners D, E, and F have income ratio of 45%, 30% and 25%, respectively. What is the share of F from the net income of the partnership, if he was given a capital ratio of 20%?
a. 30,000
b. 12,000
c. 18,000
d. 15,000
Another bank has offered 9% add-on interest to be repaid in 12 equal monthly installments. What is the monthly payment on this add-on interest loan?
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