Question: please write answer step by step in simple way On 31 December 2015, Atlas Ltd borrows $100000 from Progress Bank. Annual repayments are required over

please write answer step by step in simple way On 31

please write answer step by step in simple way

On 31 December 2015, Atlas Ltd borrows $100000 from Progress Bank. Annual repayments are required over 5 years at a fixed interest rate of 11.5% per annum. How much is each annual repayment? Show the year-by-year record of the loan account for the 5 years ended December 2020

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