Nickinator8457 Nickinator8457

24-05-2023
Business

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A 6-year car loan charges flat rate at 2.5% per annum, to be repaid
by a monthly annuity-due. Calculate the ENR in monthly rest of the loan. If the
borrower decides to redeem early after 12, 24, 36, 48 and 60 payments, calculate
the ENR in monthly rest charged over these periods.

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