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THE ANSWER IS 6.05%. PLEASE PROVIDE THE DETAILED SOLUTION. THANKS At what nominal rate compounded quarterly is the loan of P48,000 be paid with equal

THE ANSWER IS 6.05%. PLEASE PROVIDE THE DETAILED SOLUTION. THANKS image text in transcribed

At what nominal rate compounded quarterly is the loan of P48,000 be paid with equal payment of P2,400 at the end of each 3 months for 6 years

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