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What would be the PMT

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Question - Let us say, you are an ABM graduate in Senior High school, and is now a Certified Financial Analyst and you wanted to buy a car. Then Metro bank situated in Concepcion, Marikina offered you a loan of 5,000,000. The loan will be fully amortized over 5 years and the nominal interest will be 12%. What would be the PMT? And how much would he the amount allotted to interest on the 3rd year?

Reference no: EM133101109

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