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NALYSIS 1. [MO11, MO12] A P555,000 loan was originally made at a rate of 3% compounded monthly for 1 year. At the end of this

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NALYSIS 1. [MO11, MO12] A P555,000 loan was originally made at a rate of 3% compounded monthly for 1 year. At the end of this period, the loan was extended for 2 years and 9 months, with a new interest rate of 3.5% compounded continuously, using simple interest for anything less than a year period. a. Find the amount after 3 years and 9 months. (15 points) b. Create the cash flow with the type of interest labelled respectively. (5 points) c. Briefly explain your solution and cash flow. (5 points)

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