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7. Assuming that a $45,000 shop loan is financed at 12% over 4 years, what is the monthly shop
payment?Again, why are you attempting questions for which you do not have an answer?
I can only assume that you have been given this as a test question, and we do not provide answers to test questions.
This could not possibly be asked in Paper FM.
It wouldn’t even be asked in Paper MA, but my Paper MA free lectures explain what to do.
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