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A debt of 552000 with interest at 96% compounded quarterly is to be repaid by equut payments at the end of every three months for

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A debt of 552000 with interest at 96% compounded quarterly is to be repaid by equut 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-5 IN CHY 1- n- PMTS 2 dp 20p AMOUNT PAID 5 200 COST OF FINANCING 5

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