Calculate the principal amount

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Build the repayment schedule for a loan of 40,000 USD to be reimbursed in constant principal amounts over a period of one year, with quarterly payments. The interest rate for this type of loans is 8%, constant for the entire period. Calculate the principal amount, interest, and annuity to be paid in each of the periods, as well as the total amount of interest charged by the bank.

Reference no: EM13965803

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