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What will be the annual instalments to repay this loan

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Question - Alex Bowen has borrowed $40,000 to be repaid over 20 years at an interest rate of 9% p.a. What will be the annual instalments to repay this loan?

Reference no: EM133031807

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What will be the annual instalments to repay this loan : Alex Bowen has borrowed $40,000 to be repaid over 20 years at an interest rate of 9% p.a. What will be the annual instalments to repay this loan
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