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A loan of $ 3 6 , 0 0 0 is being amortized over 6 0 months at an nominal interest rate of 1 5
A loan of $ is being amortized over months at an nominal interest rate of compounded monthly. Find,
a the monthly payment.
b the principal outstanding at the beginning of the month.
c the interest in the payment.
d the portion of the repaid principal in the payment.
e The total interest paid,ie finance charge
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