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1. Consider a loan L that has to be repaid by using a level payments amortization method on a monthly schedule. The annual nominal rate

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1. Consider a loan L that has to be repaid by using a level payments amortization method on a monthly schedule. The annual nominal rate is 6%. Construct the amortization table for the first 3 months of the loan repayment, if the level payment is K=100 and L=1500

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