The bank, which wants you to pay 25 percent of the house you want to buy...
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The bank, which wants you to pay 25 percent of the house you want to buy for 400,000 TL in cash, says that it can finance the remaining amount for 10 years with 1 percent monthly interest. In this case, how much TL will be the monthly installment payments you need to make to the bank? PV = C- The bank, which wants you to pay 25 percent of the house you want to buy for 400,000 TL in cash, says that it can finance the remaining amount for 10 years with 1 percent monthly interest. In this case, how much TL will be the monthly installment payments you need to make to the bank? PV = C-
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To calculate the monthly installment payments we can use the formula for the pre... View the full answer
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