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On 2 8 th of February 2 0 2 0 client has taken a loan of 1 0 0 0 0 0 PLN . How

28

th of February

2020

client has taken a loan of

100 000

PLN

.

How much the client will have to pay back on

30

th of November

2020 (

capital plus interest

),

if interest rate is

3 %

per quarter. Assume that loan was taken under simple interest scheme and

30 /

ACT day count convention.

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