Question: Need Assistance. Q 1 . Mr . Brown borrows K 9 0 0 0 to purchase a duplex. He is required to repay the loan

Need Assistance.
Q1. Mr. Brown borrows K9000 to purchase a duplex. He is required to repay the loan in equal monthly installments over a five-year period, interest being 9.5% p.a. compounded monthly at a reducing balance loan model.
(a) What are his monthly repayments?
(b) What termination payment is required to terminate the loan after 2 years?

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