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Find FV of $200 paid at the end of each 3 months for 5 years at a nominal rate of 12%, compounded quarterly. O A)
Find FV of $200 paid at the end of each 3 months for 5 years at a nominal rate of 12%, compounded quarterly. O A) 5382.16 B) 5369.82 C) 5370.94 D) 5377.57 E) 5374.07 Your company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 11.0% but with equal end-of-month payments. What is the ratio of principal payment to the total payment in the 2nd month? (Hard) A) 77.55% B) 81.63% C) 90.45% D) 85.93% E) 73.67%
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