bank loan amortization

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    How to get a loan from a moneylender? This is strongly discouraged because loan sharks are not subject to government financial oversight.

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