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Prepare a spreadsheet to show a repayment schedule for a loan of $100,000, [6 marks] repayable quarterly over 10 years calculated at an effective interest rate of 9.68%

(a) Calculate the amount of the quarterly repayment.

(b) Calculate the loan outstanding right after the 10th payment.

(d ) Calculate the principal(capital) repaid in the 11th payment.

interest rate 20.00% per annum, effective

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92868957

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