A company borrows one million tl for an improvement project, Microeconomics

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A company borrows one million tl for an improvement project

A company borrows one million TL for an improvement project. The loan is to be paid off over 12 years in equal monthly instalments. The interest rate is 0.75% per month. Decide the monthly instalment? Determine the balance remaining after five years of payments?

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Microeconomics: A company borrows one million tl for an improvement project

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