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2- Suppose that you have a bargain with the bank officer to obtain a loan. The loan amount is 500.000 TL and the maturity is

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2- Suppose that you have a bargain with the bank officer to obtain a loan. The loan amount is 500.000 TL and the maturity is 8 years. Annual market interest rate is 8%. Yearly payments will be made. The problem is that you cannot afford the required periodic installments under these conditions. Instead, you offer the bank to pay 30.000 TL as yearly installments and to make a lumpsum amount of payment at maturity. If the bank accepts your offer, what would be that lumpsum amount approximately? 589 228 TL 0 532.464 TL 606,366 TL 658 666 TL Dier

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