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Question 1 ) What is the annual effective interest rate for a monthly interest rate of % 3 , 2 5 ? For a loan

Question

1)

What is the annual effective interest rate for a monthly interest rate of

% 3, 25 ?

For a loan of

240.000

TL planned to be repaid in

3

years, how much should be paid equally every

3

months with monthly compound interest applied?

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