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Assume you take loan of $230,000. The loan is for 15 years, and the anual interest rate offered by bank is 5.5 per cent. if

Assume you take loan of $230,000. The loan is for 15 years, and the anual interest rate offered by bank is 5.5 per cent. if the cash repayment frequency is on quarterly basis and interest payment frequency is on monthly basis, calculate repayments effecive annual rate, effective quaterly rate, and size of repayment on the loan amount

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