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Q-6: a) Hafiz Inc. just borrowed BDT 56,000 The loan is to be repaid in equal installments at ...the end of next four years at

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Q-6: a) Hafiz Inc. just borrowed BDT 56,000 The loan is to be repaid in equal installments at ...the end of next four years at an annual interest rate of 11 percent. Required: 1. Calculate the annual, end-of-year loan installment. II. Prepare a loan amortization schedule showing the interest and principal break- down of each of the three loan payments

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