1. a. Suppose, you have recently taken a short-term loan of Tk. 5,00,000 at (5+...
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1. a. Suppose, you have recently taken a short-term loan of Tk. 5,00,000 at (5+ last digit of your ID)% annual interest compounded monthly to be repaid over the next three months. Calculate the amount of installment to be paid at the end of each month. Find out also the monthly interest expenses of the loan over three months by drawing amortization table.
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