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John found his dreamed flat in the city center. Today he applied for an amortized bank loan. Ha can afford an annual instaliment of 13200.5.

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John found his dreamed flat in the city center. Today he applied for an amortized bank loan. Ha can afford an annual instaliment of 13200.5. What can be the amount of John's amortized bank loan, if he would like to get rid of the loan after 8 years? So he would like to apply for a loan with 8 year maturity. The annual nominal interest rate is 15%, and the construction is compounded anrically

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