Multiple Choice
Five years ago,you entered into a loan agreement to borrow $100 000.The loan was to be paid off over 20 years through equal monthly instalments.If the interest rate was fixed at 12% p.a.for the entire loan term,how much do you pay per month?
A) $949
B) $1066
C) $1101
D) $1223
Correct Answer:
Verified
Correct Answer:
Verified
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