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| rev | Admin | (Created page with "A loan of 5,000,000 is to be repaid by installments of X at the end of each quarter over a period of ten years. The annual nominal interest rate for the loan is 8% compounded quarterly. The actual quarterly payment for the first five years is X rounded up to the next higher 1000. After that, each quarterly payment is X rounded up to the next higher 100,000, until the loan is paid off with a drop payment. Calculate the total number of payments, including the drop payment...") | Nov 19'23 at 13:48 | +616 |