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A loan of 2,500 is being repaid by payments of 200 at the end of each quarter for as long as necessary, plus a final
A loan of 2,500 is being repaid by payments of 200 at the end of each quarter for as long as necessary, plus a final smaller payment. The nominal rate of interest convertible quarterly is 8%. What is the amount of the final payment? Please enter the amount in rounded to the nearest integer
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Recent Advances And Applications In Alternative Investments
Authors: Constantin Zopounidis, Dimitris Kenourgios ,George Dotsis
1st Edition
1799824365,179982439X
