Question: MTM (MASC 10004) - Spring - 2020 - CW 2(Assignment 2) - QP 5. Auto loan requires payments of 300 Rial at the end of

MTM (MASC 10004) - Spring - 2020 - CW 2(Assignment 2)

MTM (MASC 10004) - Spring - 2020 - CW 2(Assignment 2) - QP 5. Auto loan requires payments of 300 Rial at the end of each interval for 3 years at a nominal annual rate of 9%, compounded monthly. The present value of this loan equal 9434,04 Rial a. At what interval the payment should be made? (10 marks) b. Find the amount will accumulated at the end of 3 years

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