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Business, 03.12.2021 20:40 srosrguezbracho

Megan takes out a loan of $13000, which she repays by the amortization method at a nominal rate of 6% compounded quarterly. Megan makes level payments at the end of each quarter for 14 years. Find the amount of interest paid in the 26th payment.

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Megan takes out a loan of $13000, which she repays by the amortization method at a nominal rate of 6...

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