Determine the monthly repayments needed to repay a $125 000 loan which is paid back over 20
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Determine the monthly repayments needed to repay a $125 000 loan which is paid back over 20 years when the interest rate is 7% compounded annually. Round your answer to two decimal places.
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If each repayment is x then amount owed at the end of the first year is 125...View the full answer
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