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Bank granted a 5 year credit. Each fixed installment in amount of PLN 89,000 is paid at the begining of each 4M. The bank offers

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Bank granted a 5 year credit. Each fixed installment in amount of PLN 89,000 is paid at the begining of each 4M. The bank offers equilibrium rate under quarterly capitalization equaling 24% p.a. What is the principal amount of this credit

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