a ) You take out a KES 2 0 , 0 0 0 , 0 0 0

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Question:

)

You take out a KES

20, 000, 000

loan with a

5 -

year term and an annual interest rate of

9 % .

Calculate the monthly payment required to fully amortize the loan and construct an amortization schedule to show the repayments required to fully amortize the loan.

(5

marks

)

Posted Date: May 18, 2024 11:13 PM

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a ) You take out a KES 2 0 , 0 0 0 , 0 0 0

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