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A. 33750 B. 25714 C. 18000 D. 45000 E. 37500 Problem 12. (10 points) A loan is being repaid by quarterly installments of 3000 at
Problem 12. (10 points) A loan is being repaid by quarterly installments of 3000 at the end of each quarter at 10.2% convertible quarterly. If the loan balance at the end of the second year is $28787.66, find the original loan amount. A. 33750 o B. 25714 o c. 18000 o D. 45000 o E 37500 o
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
