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  • 24-10-2022
  • Business
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Chloe has an outstanding bank loan of $90,000. The credit manager of the bank
provided her with a repayment schedule of $3,000 per month. The bank will charge
Chloe 1.8% per month interest on the outstanding loan. How long will it take for Chole
to pay off the outstanding loan? Show all your calculations.

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