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Answer the following questions. 1. A company decided to take a 1,000,000 Dhs as a loan from a bank. The negotiations between the company and

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Answer the following questions. 1. A company decided to take a 1,000,000 Dhs as a loan from a bank. The negotiations between the company and the bank ended by an agreement stating that the company will take this interest as a compound interest with an interest rate of 6% and that the company will pay equal installments for the next 8 years to return back the loan and its interest to the bank. a. Determine the annual equal amount of payment by the company to the bank. b. Determine the total amount of interest the company is going to pay after the 8 years. c. After the fifth payment (after 5 years) the company had a financial problem and as a result went into a new negotiation with the bank administration which agreed to convert the rest of the amount that was supposed to be paid for the next three years to a pure compound interest loan that can be paid at the end of the three years with the same interest rate of 6% per year. What is the new principle for the new loan (P2)? What is the amount of money that is going to be paid due to the new loan after the new three years (F2)? What is the total amount of interest that is going to be paid after the company fully succeeds to return back the whole loan with its interest? In other words, what is the total amount of interest paid during the 8 years of the loan

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