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accounting Suppose that you obtain a mortgage loan of 100.000 TL. Annual rate of interest is 12% and the maturity of the loan is 8

accounting

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Suppose that you obtain a mortgage loan of 100.000 TL. Annual rate of interest is 12% and the maturity of the loan is 8 years. You pay annual installments. Now, suppose that you will pay a lumpsum amount of 20.000 TL at maturity to settle the loan. What would be the periodic payment amount

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