Question: EXERCISE IV ( 1 point ) Mr SMITH has taken out a loan of EUR 1 0 0 0 0 0 to be repaid in

EXERCISE IV (1 point)
Mr SMITH has taken out a loan of EUR 100000 to be repaid in 72 equal monthly instalments.
Shortly after paying the 25th instalment, he decides to repay the loan early. How much will he have to pay if the nominal interest rate is 4.14%?
EXERCISE V (3 points)

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