Question: 19 hi could i please get help for this question regarding loans A loan of $50,000 is to be repaid by two equal repayments of
19
hi could i please get help for this question regarding loans
A loan of $50,000 is to be repaid by two equal repayments of X. One repayment is due at the end of 2 years, the second repayment is due at the end of 6 years. The interest rate is at 4% p.a. compounded quarterly for the first 3 years and then 4.4% p.a. compounded quarterly thereafter. What is the size of each repayment?
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