Brian takes out a home loan of $473,800 today. He wants to make equal yearly repayments...
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Brian takes out a home loan of $473,800 today. He wants to make equal yearly repayments of $47,380 starting one year from today. The interest rate is 7.4 % p.a. compounded weekly. Calculate the number of yearly repayments (including the final smaller repayment) Brian needs to make to fully repay the loan. Brian takes out a home loan of $473,800 today. He wants to make equal yearly repayments of $47,380 starting one year from today. The interest rate is 7.4 % p.a. compounded weekly. Calculate the number of yearly repayments (including the final smaller repayment) Brian needs to make to fully repay the loan.
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Posted Date:
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