Solved: Example 2 A loan of 6 semi-annual payments of #4,500 are to be made  to pay for a loan at 5 [algebra]

Solved: Example 2 A loan of 6 semi-annual payments of #4,500 are to be made to pay for a loan at 5 [algebra]

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SOLVED: 'Please provide COMPLETE and CLEAR SOLUTION. 1. A man took a loan from a bank at a rate of 12% per annum simple interest: After three years, he had to pay