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# 1) personal loan of $6000 is taken from someone on 20 august 2015. he is charged a simple interest rate of 8%. find the amount paid on 15 december...

A=R[〖1-(1+i)〗^(-n)/i]

Where

R = Periodic payment

i = Periodic interest rate

n = Investment period

S = Future value of annuity after interest periods

Interest = Amount Given - Present Value

I = nR-A