Question: 6. Henry borrows $2000 from a bank and repays it in four equal monthly instalments. If interest is charged at 24% p.a., compounded monthly, find

6. Henry borrows $2000 from a bank and repays it in four equal monthly instalments. If interest is charged at 24% p.a., compounded monthly, find a) the monthly instalment and b) the total amount and interest paid

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