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QUESTION 7 A loan. at a nominal annual interest rate of 12% convertible monthly, is to be repaid with payments at the end of each

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QUESTION 7 A loan. at a nominal annual interest rate of 12% convertible monthly, is to be repaid with payments at the end of each month for 2n months. The nth payment consists of equal payments of interest and principal. Calculaten, A32 OB. 37 C. 41 D.52 E. 68 QUESTION 7 A loan, at a nominal annual interest rate of 12% convertible monthly, is to be repaid with payments at the end of each month for 2n months. The nth payment consists of equal payments of interest and principal. Calculate n. A.32 B. 37 C. 41 D. 52 E. 68

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