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A debt of $52000 with interest at 9.6% compounded quarterly is to be repaid by equal payments at the end of every three months for
A debt of $52000 with interest at 9.6% compounded quarterly is to be repaid by equal payments at the end of every three months for five years. Calculate the size of the monthly payments,total amount paid and cost of financing.
PV =$
I/Y =
C/Y =
i =
n =
PMT = $ ( 2 decimal places)
AMOUNT PAID =$ (2 decimal places)
COST OF FINANCING =$ (2 decimal places)
Please answer in same order/sequence as asked.
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