Question: 7. Construct a complete repayment (simple interest) schedule for the following loan: (5 Marks) - Principle of $2,300. - Rate of 15% p.a. - Monthly

7. Construct a complete repayment (simple interest) schedule for the following

7. Construct a complete repayment (simple interest) schedule for the following loan: (5 Marks) - Principle of $2,300. - Rate of 15% p.a. - Monthly payments of $400

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