I borrow $4,500,000 for 5 years at 12 5 per annum nominal compounded monthly with repayments made every month in arrears (ie the first payment is made one month after the loan is drawn ) What will be the monthly repayment I borrow $4,500,000 for 5 years at 12 5 per annum nominal compounded monthly...

To calculate the monthly repayment for a loan we can use the formula ...

I borrow $4,500,000 for 5 years at 12.5% per annum nominal compounded monthly with repayments made...

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ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Aug 15, 2023 11:27 PM

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I borrow $4,500,000 for 5 years at 12.5% per annum nominal compounded monthly with repayments made...

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