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A credit was contracted under the following conditions: term: 9 months; amount: 10 000$; reimbursement: through constant and subsequent deferred quarterly installments; interest rate (nominal
A credit was contracted under the following conditions: term: 9 months; amount: 10 000$; reimbursement: through constant and subsequent deferred quarterly installments; interest rate (nominal annual compounded quarterly): 4, 8%. a) Calculate the amount of each quarterly installment(payments) b) Calculate the total interest paid over the term of the loan. c) Complete the amortization table.
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