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The answer should be n=34 A loan charges interest at a nominal rate of 24% convertible monthly. The loan is repaid with equal payments made

The answer should be n=34 image text in transcribed
A loan charges interest at a nominal rate of 24% convertible monthly. The loan is repaid with equal payments made at the end of each month for 2n months. The n^th payment is equally divided between interest and principal repaid. Find the value of n

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