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1.
=540000/(1.06^10-1)*6%=40968.69744
2.
Using financial calculator
N=10
PMT=540000*3%+40968.69744
PV=-540000
CPT I/Y=1.05%
3.
Lender APY=3%
thumbs up for correct solution 10. Anita borrows 540,000 at annual effective interest rate 3%. She repays this loan by paying off only the interest due at the end of each year to the lender and depo...
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