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( a ) $ 1 2 0 , 0 0 0 amortized monthly for ten years at a nominal discount rate of 6 . 8
a $ amortized monthly for ten years at a nominal discount rate of convertible monthly.
interest convertible monthly. The bank receives the sinking fund deposits.
c $ to be repaid with interest at the end of ten years with an effective rate of discount of throughout the ten years.
d Find the bank's annual effective yield on the package of loans over the tenyear period. Round your answer to three decimal places.
PLEASE SOLVE D AB&C are correct
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