Solution-Find the periodic payment

Find the periodic payment

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Reference no: EM132754687

Problem 1: An investment of ?2,850 is made at the beginning of each month for 6 years and 7 months. How much will the investment be at the end of the term if interest is 11% compounded monthly?

Problem 2: A loan of ?40,000 is to be amortized by equal payments at the beginning of each quarter for 18 months. If interest is 7.5% compounded quarterly, find the periodic payment.

Reference no: EM132754687

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Find the periodic payment

Reference no: EM132754687

Reference no: EM132754687

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