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6. (5 points) A $300,000 loan is being paid off, over 30 years, with level payments at the end of each month. The nominal interest

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6. (5 points) A $300,000 loan is being paid off, over 30 years, with level payments at the end of each month. The nominal interest rate is 8% convertible quarterly (not monthly). Find the amount of interest included in the 103-rd payment. A. 399 B. 842 C. 1095 D. 1348 E. 1791

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