Question: Please do not use Excel to solve the questions, I don't understand that (a) A loan of 36,000 is to be repaid with 12 equal

Please do not use Excel to solve the questions, I don't

Please do not use Excel to solve the questions, I don't understand that

(a) A loan of 36,000 is to be repaid with 12 equal quarterly instalments. The nom- inal rate of interest per annum convertible 12-thly is 4%. Find the amount of each quarterly repayment, assuming that payments are made (i) at the end of each quarter, (ii) at the beginning of each quarter

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