ernestforson186 ernestforson186
  • 27-07-2024
  • Mathematics
Answered

Kojo has gone for a loan of GH¢100,000 to start a new business. The loan is to be paid in equal installments over 10 years at an annual interest rate of 25%. What is the amount Kojo must pay the bank each year in order to pay down the loan fully at the end of 10 years?



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