Question: g ) If you loaned someone SR 5 , 0 0 0 with an annual interest rate of 1 2 % , and requested him

)

If you loaned someone SR

5, 000

with an annual interest rate of

12 %,

and requested him to pay you the loan in installments over five months. What is the value of the monthly payment must be paid to you in the beginning of each month to pay the full amount?

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