How much interest is payable each year on a loan of 1000 if, Ask an Expert

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How much interest is payable each year on a loan of $1000 if the interest rate is 9% per year when half of the loan principal will be repaid as a lump sum at the end of 3 years and the other half will be repaid in one lump-sum amount at the end of 6 years, and how much interest will be paid over the 6 year period?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572617

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