A loan will be repaid by month-end repayments of 9,000 for 10 years. The interest rate is
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A loan will be repaid by month-end repayments of 9,000 for 10 years. The interest rate is 4.4% p.a. compounded monthly for the first 6 years and 6.6% p.a. compounded monthly thereafter. Calculate How much is the loan?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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