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G.I loan over 30 years has an annual nominal interest rate of 3.8% paid quarterly. What is the effective interest rate on the mortgage? 16.
G.I loan over 30 years has an annual nominal interest rate of 3.8% paid quarterly. What is the effective interest rate on the mortgage? 16. A serial loan of euro 3,000,000 with an annual interest rate of 3.2% must be repaid semi-annually over 25 years. What is the installment and interest rate in the second half of year 5? Both amounts must be displayed
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