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Calculate the annual installment of the loan

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A car buyer is considering taking out a 10.000 euro interest-free loan with annual fixed interest rate of 4% and duration of 7 years, where  for simplicity we consider that the installments will be paid at the end of each year.

Calculate the annual installment of the loan. Using the amortization table, and

Calculate the interest and the remaining amount of the loan at the end of each year.?

Reference no: EM133275466

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