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A man has 4 2 4 0 , 0 0 0 home loan for 2 0 years at a nominal rate of 4 . 5
A man has home loan for years at a nominal rate of
convertible monthly. He makes fixed principal repayment of $ each
month. Find,
a his loan balance after years
b his th month payment
c the sum of amount of interest paid in the
th year from th month to th month
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