A bank grants a loan of 100,000 for a period of 20 months with a 14.5%...

Question

Question

A bank grants a loan of 100,000 for a period of 20 months with a 14.5% annual rate. Find the annual, monthly and weekly capitalization.

The capitalization will have to be analyzed concerning the following timelines:

Annual, semi-annual, quarterly, monthly and weekly Capitalization

Answer 1

Answer #1

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Answer 2

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