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You want to lend $12,000 as a bank deposit in a private bank with an...

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Accounting

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You want to lend $12,000 as a bank deposit in a private bank with an interest rate 3 % per month. You plan to withdraw principle and interest as equal/uniform end-of- period payments over 32 MONTHS. What is the value of the total payment? What is the total interest paid to you at the end of 32 months

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