Question: Consider a loan & that has to be repaid by using a level payments amortization method on a monthly schedule. The annual nominal rate is

Consider a loan & that has to be repaid by using a level payments amortization method on a monthly schedule. The annual nominal rate is 6%. Construct the amortization table for the first 3 months of the loan repayment, if the level payment is K = 100 and & = 1500

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