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(20 marks) Eduardo takes out a loan for $3,264.30. The term of the loan is 3 years, and he will make monthly payments. The interest

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(20 marks) Eduardo takes out a loan for $3,264.30. The term of the loan is 3 years, and he will make monthly payments. The interest rate on the loan is 3.700% compounded annually. a) What is the effective interest rate per payment period? b) If Eduardo is going to repay the loan with level payments, what is the annually payment amount? c) Fill in the first 3 rows of the loan amortization table. d) What would the nominal interest rate (compounded annual) have to be if the monthly (level) payment amounts were $102.12? e) If instead of level payments, Eduardo repays the loan (with the original interest rate) with level repayment of principal (plus interest), fill in the first 3 rows of the amortization table

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