Question: a ) Given that you have borrowed RM 5 0 , 0 0 0 at an interest rate of 1 2 % . Equal payments

)

Given that you have borrowed RM

50, 000

at an interest rate of

12 % .

Equal payments will be made over a three

-

year period. The first repayment occurring at the end of first year.Determine the annual equal payment and show the interest payment and principal payment in each year in a table.

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