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please answer in 1 hour A loan of amount R50,000 is repayable by equal...

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please answer in 1 hour

A loan of amount R50,000 is repayable by equal annual payments at the beginning of each of the next 7 years. Interest is 8% pa effective for the first 3 years and 12% pa effective thereafter. Calculate the loan outstanding immediately after the second repayment

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