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How much is the interest on a friend's loan of NT$284,000 and monthly repayment of NT$14,343?

According to your loan situation, the loan is 284,000 yuan, and the interest is 1.4343 yuan, then the converted annual interest rate is,

1.4343÷28.4

=0.0505

=5.05%

That is to say, your loan interest rate is 5.05%,

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