Find the payment necessary to amortize the loan

Reference no: EM131925230

Qusetion: 1. Find the payment necessary to amortize the loan.

2. Find the future value of the annuity rdue. Assume the interest is compounded annually, unless otherside indicated.

3. Find the effective rate corresponding to the given nominal rate. (Round to the nearest hundreth)

Reference no: EM131925230

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