What is the amount to be paid if the debt is paid at once at the end of the term

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Ulusoy received an investment loan of TL 1,000,000 with a maturity of 5 years and a 30% interest rate from Finansbank for the rest facility to be established.

a) What is the amount to be paid if the debt is paid at once at the end of the term?

b) What would be the amount of the debt at the end of the maturity if the interests were calculated every 3 months?

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